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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka to make banks buy finance company units, give tax credits

Sri Lanka to make banks buy finance company units, give tax credits

2 posters

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fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

ECONOMYNEXT – Sri Lanka will make finance companies owned by banks merge and where larger finance companies own smaller ones they will also be made to combined, Prime Minister and Finance Minister Mahinda Rajapaksa said in a budget for 2021.
Out of 58 finance companies, only 20 had had assets over 20 billion rupees, he said.

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

best news for the year, its high time. And don't give applications for new finance companies. Everyone know the industry is saturated!!!

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka to make banks buy finance company units, give tax credits

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