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Sunday, 12 January 2014 - 8:05
Merging Sri Lanka finance firms should not retrench staff : CB Governor
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Central Bank Governor Ajith Nivard Cabraal said that Sri Lanka's finance companies which are being encouraged to merge with one another should not retrench staff.

The monetary board, the decision-making body of the Central Bank has decided on the move at a meeting on Thursday.

The Governor said that the sector was expected to grow faster after consolidation and experienced staff were needed by the industry.

 
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