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FM tells PSBs to boost deposits, farm credit

Chairing a meeting to review the performance of PSBs on various financial health parameters for FY23, the finance minister advised banks to ensure an increase in rural, agriculture and sectoral credit in order to meet PSL norms.

LankaWeb – No union leader or officers submitted asset liability statements: Labour Ministry

LankaWeb – No union leader or officers submitted asset liability statements: Labour Ministry
lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.

nbfc vs banks: NBFCs overtake bank stocks in FY24 Here s why

Non-Banking Financial Companies (NBFCs) have seen increased optimism in their stocks due to expectations of interest rate cuts and peaking government bond yields. NBFCs, which rely on bank borrowings and non-convertible debentures (NCDs), benefit from a changing rate environment, especially those with a higher share of floating rates. The recent decline in government bond yields indicates market expectations of a dovish stance by the RBI. Additionally, the competition in the wholesale borrowing market is expected to ease after the HDFC Bank and HDFC Ltd merger. However, factors such as credit growth and asset quality also need to be considered when evaluating the sector.

Lawrence Koppelman | Pacific Coast Business Times

After seventeen years of extraordinary leadership as Board Chairperson, Lawrence Koppelman, a founder of the Bank has assumed a board member-at-large position with the Company and Bank. Mr. Koppelman will continue to serve as a member of the Compensation and Asset Liability committees of the Board, and the Company will continue to benefit from his over

Darren Caesar | Pacific Coast Business Times

After seventeen years of serving as Board Vice Chairperson, Darren Caesar, a founder of the Bank was elected by his peers to serve as Board Chairperson of the Company and Bank. Mr. Caesar has been Chairperson of the Nominating and Corporate Governance committee and will continue to serve on that committee as well as the

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