FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

Masterplan for Consolidation of NBFIs being fast-tracked. Vote_lcap11%Masterplan for Consolidation of NBFIs being fast-tracked. Vote_rcap 11% [ 21 ]
Masterplan for Consolidation of NBFIs being fast-tracked. Vote_lcap20%Masterplan for Consolidation of NBFIs being fast-tracked. Vote_rcap 20% [ 37 ]
Masterplan for Consolidation of NBFIs being fast-tracked. Vote_lcap28%Masterplan for Consolidation of NBFIs being fast-tracked. Vote_rcap 28% [ 52 ]
Masterplan for Consolidation of NBFIs being fast-tracked. Vote_lcap40%Masterplan for Consolidation of NBFIs being fast-tracked. Vote_rcap 40% [ 74 ]

Total Votes : 184

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOFC Future
by rukshan1234 Today at 1:51 am

» Buy lofc tomorrow - Maharaja
by Dasun Maduwantha Today at 12:32 am

» SGH buys EXPO from retailers
by blindhog Yesterday at 11:04 pm

» LOLC FINANCE PLC (LOFC.N0000)
by Surajmp Yesterday at 8:44 pm

» L G I L - Maharaja special
by Chula Yesterday at 8:13 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Yesterday at 11:34 am

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Tue Aug 09, 2022 3:48 pm

» AAIC 100 = SCAP 16
by Equity Win Tue Aug 09, 2022 2:11 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Tue Aug 09, 2022 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Tue Aug 09, 2022 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Tue Aug 09, 2022 11:15 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Mon Aug 08, 2022 1:43 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by sheildskye Sun Aug 07, 2022 12:05 pm

» Day Trader may find a stock attractive if it moves a lot during the day. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 06, 2022 11:54 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Masterplan for Consolidation of NBFIs being fast-tracked.

Masterplan for Consolidation of NBFIs being fast-tracked.

2 posters

Go down  Message [Page 1 of 1]

TrendingNow


Equity Analytic
Equity Analytic

Under the Master plan for Consolidation of Non-Bank Financial Institutions (the Master plan) being implemented by the Central Bank of Sri Lanka (CBSL), the following 9 companies have already introduced fresh capital of Rs 12.56 billion to meet regulatory capital requirements:


Sarvodaya Development Finance PLC, Dialog Finance PLC, Asia Asset Finance PLC, Lanka Credit and Business Finance PLC, People’s Merchant Finance PLC, Softlogic Finance PLC, Merchant Bank of Sri Lanka & Finance PLC, UB Finance Co Ltd and Richard Pieris Finance Ltd.


In addition, 12 companies have submitted their acquisition/consolidation plans to CBSL and obtained relevant preliminary approvals as follows:


Assetline Leasing Co Ltd – acquisition of finance business license of Kanrich Finance Ltd and settlement of its deposits.



LB Finance PLC – acquisition and subsequent amalgamation of Multi Finance PLC.


SMB Leasing PLC – acquisition of finance business license of Swarnamahal Financial Services PLC and settlement of its deposits.


Commercial Leasing & Finance PLC – acquisition and subsequent amalgamation of Sinhaputhra Finance PLC.



HNB Finance PLC – acquisition and subsequent amalgamation of Prime Finance PLC.


LOLC Finance PLC- amalgamation of Commercial Leasing & Finance PLC.


As a result of the above developments, the Non-Bank Financial Institutions sector has witnessed a significant improvement in compliance with regulatory capital requirements and has recorded the lowest non-compliance levels during recent times.

X likes this post

TrendingNow


Equity Analytic
Equity Analytic

Share price movements of following counters since the date of the above announcement made by the CBSL;

CLC.N – 43.14%

SFL.N – 48.57%
SFL.P – 54.44%

*LOFC.N – 8.8%

*LFIN.N (-4.11%)

*MFL.N (-1.8%)

X likes this post

X

X
Senior Equity Analytic
Senior Equity Analytic

CLC, SFL board cleared, what are the next counters in line?

X

X
Senior Equity Analytic
Senior Equity Analytic

Masterplan for Consolidation of NBFIs being fast-tracked. Screen32

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum