History of banking in Sri Lanka
Inside The banking industry in Sri Lanka.It was only during the British colony (1802-1948) that Banking was introduced to Sri Lanka with mainly branches of foreign banks being set up. The CBSL was established in 1950 under the MLA No.58 of 1949 which was a major milestone in Sri Lanka's economic history. The first of Sri Lanka The saga of Bank of Ceylon ( BOC ) began on 1st of August 1939 under Bank of Ceylon Ordinance No. 53 of 1938, the Governor of Ceylon, Sir Andrew Caldecott, declared open the maiden office of Sri Lanka's first state-owned commercial bank in Fort, Colombo. Introduction of Banking System in Sri Lanka Includes special features of this country’s banking system and rules/laws that might impact U.S. business. Sri Lanka has a fairly well-diversified banking system, which includes the Central Bank of Sri Lanka (CBSL), two large state-owned commercial banks (Ceylon Bank and Peopl...