Regulatory Alerts2016-10-28 | Finance Business Act Direction No. 2 of 2016Added · Updated
Maximum Interest Rates on Deposits and Debt Instruments
The Monetary Board of the Central Bank of Sri Lanka issued Finance Business Act Directions on 28 October 2016 to regulate financial practices. These directions establish the maximum permissible interest rates applicable to deposits and debt instruments within the jurisdiction. The regulatory framework aims to ensure stability and fairness in the country's financial sector by capping lending and borrowing costs.
MONETARY BOARD
CENTRAL BANK OF SRI LANKA
FINANCE BUSINESS ACT DIRECTIONS
28 October 2016
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