Regulatory Alerts2018-11-14 | Operating Instruction No. 35/01/005/0007/13Reserve Requirements
The Central Bank of Sri Lanka mandates that licensed commercial banks maintain reserves against Sri Lankan Rupee-denominated deposit liabilities at a rate of six percent. This directive, issued by the Monetary Board under the Monetary Law Act, replaces Schedule A of Operating Instructions No. 35/01/005/0007/12 and takes effect on 16 November 2018. Banks must adhere to the updated reporting format for daily average deposit liabilities while other existing operating instructions remain in force.
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