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Wednesday, 15 January 2014 - 14:21
Sri Lanka bank regulator in consolidation push
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Sri Lanka's financial regulator, the Central Bank, said it will outline a master plan to consolidate banks and finance companies with one-to-one meetings to be held among lenders thereafter.

Governor Ajith Nivard Cabraal will announce a 'Master Plan on the Consolidation of the Financial Sector' to the sector at a forum on Friday.


The regulator said in a statement that thereafter, one-to-one discussions will be held with all banks and non-bank financial institutions so as to guide these institutions in accordance with the newly announced Plan.

 
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