The decision has been taken by the Monetary Board of the Central Bank at its meeting held on 10 July 2020.
The Board arrived at this decision considering the extremely vulnerable liquidity position of ETIF and Swarnamahal Financial Services.
Earlier, the CBSL has taken a number of measures on ETI Finance Ltd. (ETIF) and ‘Swarnamahal Financial Services’ to address various irregularities taken place since 2011.
(adaderana.lk)
(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)
Business activities of ETI Finance & Swarnamahal Financial Services suspended
The Central Bank's (CBSL) Monetary Board has decided to suspend the business activities of ETI Finance’ and ‘Swarnamahal Financial Services’, effective from 13 July 2020.
Last modified on Tuesday, 14 July 2020 11:55