Regulatory Alerts2018-09-20 | Operating Instruction No. 35/01/005/0007/10Central Bank of Sri Lanka Operating Instructions on Reserve Requirements
The Central Bank of Sri Lanka issued Operating Instructions No. 35/01/005/0007/10 to amend reserve requirements for Licensed Commercial Banks effective 16 October 2018. The directive mandates that banks maintain minimum reserves equal to 100% of margins against specific letters of credit and 7.5% of total other Sri Lanka Rupee-denominated deposit liabilities. This update replaces Schedule A of previous instructions and establishes the reporting format for daily average deposit liabilities and required reserves.
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