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Government Probes into Rapid Expansion of Unregulated Co-operative Banks - LNW Lanka News Web
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Government Probes into Rapid Expansion of Unregulated Co-operative Banks - LNW Lanka News Web
Financial institutions mushrooming in the island without a proper oversight as co-operative banks’ with branches in several regions are to be scrutinised and regularised, Trade and Co-operative Minister Wasantha Samarasinghe disclosed. He blamed provincial councils and some governors of provinces for approving the setting up of such irregular finance companies taking deposits from rural masses. Minister Smarasinghe stressed the need to close th…
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