Regulatory Alerts2019-10-18 | Finance Business Act Direction No. 3 of 2019Amendments to the Maximum Interest Rates on Deposits and Debt Instruments
The Monetary Board of the Central Bank of Sri Lanka issued Direction No. 03 of 2019 under the Finance Business Act to update maximum interest rates for Licensed Finance Companies. The directive replaces previous regulations by establishing new caps for Sri Lanka Rupee deposits and debt instruments based on specific tenures relative to the Treasury Bill rate and the Short-Term Deposit Facility Rate. These standardized rates apply to various maturity periods ranging from less than one month to five years for both deposit and debt instrument categories.
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