Regulatory Alerts2013-04-22 | 35-01-005-0007-07Added · Updated
Reserve Requirements - Minimum Daily Deposit
The Central Bank of Sri Lanka issued this directive to all licensed commercial banks to enforce minimum daily deposit requirements under Regulation D. The Monetary Board determined that banks must hold a minimum daily deposit equal to ninety percent of their required reserves on any given day. This instruction implements provisions of the Monetary Law Act to ensure adequate liquidity within the banking system.
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