Regulatory Alerts2014-12-23 | 02/17/402/0073/002Added · Updated
Enhancement of Minimum Capital Requirement for Specialised Banks
The Central Bank of Sri Lanka mandates all licensed specialised banks to increase their minimum core capital to Rs. 5 billion, effective 1 January 2016. This requirement, enacted under Section 76G of the Banking Act and aligned with the 2014 Financial Sector Consolidation Master Plan, supersedes previous circular guidelines. Banks must calculate compliance using the Core Capital definition from Banking Act Direction No. 10 of 2007 and implement timely corrective actions to meet the threshold.
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