Regulatory Alerts2013-06-26 | Operating Instruction No. 35/01/005/0007/08Reserve Requirements
The Central Bank of Sri Lanka issued Operating Instructions No. 35/01/005/0007/08 to amend reserve requirements for Licensed Commercial Banks. The directive mandates that banks maintain reserves against Sri Lankan Rupee-denominated deposit liabilities at a rate of six percent. This regulatory change takes effect on 1 July 2013 while other existing instructions remain applicable.
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