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Sri Lanka to digitize central bank’s supervision dept with ADB help
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Sri Lanka to digitize central bank’s supervision dept with ADB help
ECONOMYNEXT — Sri Lanka’s cabinet has approved a proposal to procure a services provider to digitize the operations of the central bank’s Banking Supervision Department, with the technical assistance of the Asian Development Bank, minister Nalinda Jayatissa said. The department is tasked with regulating and supervising licensed commercial and specialized banks to ensure the stability and soundness of the island’s banking system. “The majority of…
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