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Monday, 20 January 2014 - 7:19
Strong banking sector envisaged with master plan.
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At least five Sri Lankan banks will have assets of one trillion rupees or more with such banks also having a strong regional presence under the master plan on consolidation of the financial sector presented by the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal.

To ensure financial system stability, the expected outcome in consolidation is expected to result in a banking sector where there will be a reduced number of banks as a result of mergers and absorptions.

There will be a large development bank that will provide a substantial impetus to development banking activities in the country.
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