Regulatory Alerts2003-08-15 | 35-01-005-0008-01Central Bank’s Rate of Interest on Advances
The Central Bank of Sri Lanka issued Circular No. 35/01/005/0008/1 on 15 August 2003 to inform licensed commercial banks of a new interest rate policy. Effective immediately, the rate of interest on advances secured by government securities and usance promissory notes is set at fifteen percent per annum. This directive applies to loans secured by government and government guarantee securities as well as those related to commercial and production loans.
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