Expanding Access to Banking

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CENTRAL BANK OF SR! TANKA
Ocoug@lw6oqettsoo@dqo ourridl Gro$unrianorg plomur6eonro BankSupervislon Department Ref: 02 / 04 / 002 I 00 | 5 / 002 \S April20l5 To: The Chief Executive Officers of Licensed Commercial Banks and Licensed Specialised Banks Dear Sir/Madam Expanding Access to Banking We wish to draw your attention to the Interim Budget - 2015 enumerating several measures to enhance access to banking as summarised below:
(i) Commercial banks to open their branches in remote areas. (ii) To open accounts to new customers without requiring a minimum initial deposit. (iii) To make all efforts to initiate bank accounts for all citizens and all grants and allowances that may devolve on them to be remitted through the banking system in the near future. (iv) To simplifu rules and regulations, particularly in lending operations, to facilitate borrowers and the new simplified systems to be implemented from September 2015.
2. We request you to take appropriate measures to implement the above.
Yours faithfully ffi*JypFernando
Director of Bank Supervision
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