“They (new government) don’t see any business sense in this,” a high government official told the Business Times. A committee reviewing the previous regime’s banking sector consolidation process, headed by Dinesh Weerakkody, who is a Senior Advisor to Prime Minister Ranil Wickremesinghe, is to make a recommendation on this merger soon. “The recommendation by this committee (tentatively) is that DFCC and NDB shouldn’t merge,” a Central Bank source said.
http://www.sundaytimes.lk/150201/business-times/dfcc-ndb-merger-unlikely-132364.html