Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» how mutch a good small trader get on average? 50% 100%
by KavinduTM Today at 9:33 am

» John Keells Holdings drags down Sri Lanka stocks
by fireshelter Today at 6:01 am

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
by fireshelter Today at 5:56 am

» Sorry !!!!Tax cut stable gvt and trading do not go together
by Promoney Yesterday at 10:10 pm

» Make it your goal to stay positive in a negative market.
by Promoney Yesterday at 5:45 pm

» have to stop brokarage companys pump and dump (have to bring strict laws that any broker who trade go 10 years jail)
by ThilinaM Yesterday at 4:11 pm

» Pump and dump
by ThilinaM Yesterday at 3:48 pm

» ALL SHARE INDEX
by ThilinaM Yesterday at 2:59 pm

» ALLI. N game එක පටන් ගත්තා
by KavinduTM Yesterday at 2:00 pm

» Time to sell
by KavinduTM Yesterday at 1:48 pm

» Some FB friends asking what is the best broker and what is the best amount to invest
by ThilinaM Yesterday at 12:57 pm

» The past several days have been marked by trades starting to work only to reverse.
by KavinduTM Yesterday at 11:22 am

» COLO and DOCK Moving to 100
by KavinduTM Yesterday at 10:36 am

» TESS TRADING SUSPENTION...................
by Eugine Fernando Yesterday at 9:52 am

» Anyone please tell exact and deatail reason for bartleet ban???
by ThilinaM Yesterday at 9:27 am

» EAST WEST PROPERTIES PLC (EAST.N0000)
by Ahcha Yesterday at 8:54 am

» UK ELECTION
by Yahapalanaya Yesterday at 8:16 am

» GENERAL ELECTION - 2020
by Yahapalanaya Yesterday at 8:12 am

» VAT REDUCE WATER BILL UP
by CITIZEN Yesterday at 2:39 am

» UK ELECTION
by CITIZEN Yesterday at 2:39 am

» තැරැව්කාර සමාගමකට එරෙහිව කොටස් වෙළෙඳපොළ විනය ක්‍රියාමාර්ග ගනී
by Teller Yesterday at 1:31 am

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » CBSL to reduce lending rates further to help SMEs

CBSL to reduce lending rates further to help SMEs

Go down  Message [Page 1 of 1]

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
The Central Bank of Sri Lanka requested licensed banks and Non-Bank Financial Institutions (NBFIs) to reduce interest rates on deposits with effect from 29 April 2019. This measure was taken to accelerate monetary policy transmission through the financial sector, enabling licensed banks to reduce their interest rates on lending products in general, and to SMEs in particular, and thereby enhance credit flows to the real economy. Accordingly, interest rates on savings and other deposits with tenures less than 3 months offered by licensed banks and NBFIs were based on the Standing Deposit Facility Rate (SDFR) whilst longer tenures were based on the 364 day Treasury bill rate.

The Central Bank has also injected substantial rupee liquidity to the domestic market by reducing the Statutory Reserve Ratio (SRR).  It has also further reduced the policy interest rates by 50 basis points on 31 May 2019 which is directly reflected in the corresponding reduction in SDFR-linked interest rates of savings deposits.

Commencing 01 July 2019, the Central Bank further revised the reference rates applicable on deposits of banks and NBFIs for the 03rd quarter of 2019, and the maximum interest rates that can be offered on savings and fixed deposits have reduced further by 50 basis points and 171 basis points, respectively, thereby reducing the cost of funds of banks and NBFIs. The Average Weighted Prime Lending Rate of licensed commercial banks has also reduced by 127 basis points from 12.24% as at 26 April 2019 to 10.97% as at 12 July 2019. 

Accordingly, the Central Bank expects lending rates of banks and NBFIs to reduce further in the immediate future, and borrowers, particularly SMEs, can expect to obtain credit facilities at reduced interest rates from banks and NBFIs. The Central Bank will closely monitor the behaviour of bank interest rates and take further measures as appropriate in future to support economic growth given well contained inflationary pressures.

Source-Adaderana

Teller

Teller
Moderator
Moderator
A good move. This will have a grate benifit to economy.


_________________




Teller said is said..

EquityChamp

EquityChamp
Moderator
Moderator
However as per economic experts the country is not in a position to reduce rates as it will increase the pressure on inflation and could worse off economic issues for SL. It is being done only with a political agenda in mind they said.

fireshelter

fireshelter
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
alien alien alien alien

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum