COLOMBO (News1st): The Central Bank has reduced the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs) by 200 basis points to two per cent, with effect from June 16 to boost the liquidity in the banking sector. The move comes following the President’s reproval of CBSL officials’ behaviour […]
President’s criticism forces CBSL to cut SRR to boost liquidity
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