The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» BLI.N0000 ( Bimputh Finance PLC )
Today at 9:44 am by yellow knife

» රුපියල් රැක ගන්න ඩොලර් මිලියන 1,000 කින් ආනයන සීමා කරන බව අගමැති කියයි
Today at 7:49 am by serene

» නාගරික සංවර්ධනයේ ඉඩමක් රු. බිලියනයකට ඇක්සස් ට බදු දෙයි
Today at 7:46 am by serene

» Amazon Founder Jeff Bezos Influenced By Smarter Sri Lankan
Today at 7:41 am by serene

» Dividend Announcement
Today at 5:37 am by Ethical Trader

» අනං මනං! #/+?.<>
Today at 5:36 am by Ethical Trader

» Dhamma Deshana
Mon Sep 24, 2018 8:05 am by ruwan326

» ඩොලරයේ විකුණුම් මිල රු. 167 ඉක්මවයි
Fri Sep 21, 2018 9:43 am by Ethical Trader

» ඩොලරයේ විකුණුම් මිල රු. 164 ඉක්මවයි
Tue Sep 18, 2018 2:42 pm by yellow knife

» UAL.N0000 ( UNION ASSURANCE PLC )
Sun Sep 16, 2018 6:13 pm by Senarath67

» CAL Securities Facilitates First Cross-Border Share Transaction by a Sri Lankan Stockbroker
Sat Sep 15, 2018 11:04 pm by serene

» මහ බැංකුව රු. බිලියන 60 ක බැඳුම්කර විකුණයි
Fri Sep 14, 2018 12:48 pm by Ethical Trader

» ඩුනාමිස් කොටස් මිල 90% කින් ඉහළට. වැඩි අයිතිය ජනශක්ති අත්පත් කර ගනී
Fri Sep 14, 2018 7:49 am by serene

» නිදහස ලැබීමෙන් පසු රු. ට්‍රිලියන 1.9 ක වැඩිම ණය ආපසු ගෙවීම මෙම වසරේ දී – මංගල
Thu Sep 13, 2018 6:44 pm by Ethical Trader

» ණය අපසු ගෙවීමට අඩු පීඩාකාරී ප්‍රතිපත්ති විකල්ප පවතින්නේ නම් සමාජ වියදම් කපා හැරීම නොකළ යුතුයි – UN විශේෂඥයා පවසයි
Wed Sep 12, 2018 6:14 pm by Ethical Trader

» Banking Sector Outlook-
Wed Sep 12, 2018 8:17 am by serene

» Sri Lankan central bank rejects currency crisis report
Tue Sep 11, 2018 7:31 am by serene

» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
Sat Sep 08, 2018 1:53 am by stockback

» අසාමාන්‍ය කොටස් මිල උච්ඡාවචනය ගැන MTD Walkers කරුණු පහදයි
Wed Sep 05, 2018 6:26 pm by Ethical Trader

» ශ්‍රී ලංකා රුපියල
Wed Sep 05, 2018 6:24 pm by Ethical Trader

» සුමල්ගේ සමාගමට කැබිනට් අනුමැතිය. රුපියල් බිලියන 2.7 ක නිවාස ව්‍යාපෘතියක්
Wed Sep 05, 2018 6:22 pm by Ethical Trader

» ධම්මික ලංකා සෙරමික් සභාපති ධූරයෙන් ඉල්ලා අස්වෙයි
Wed Sep 05, 2018 2:26 pm by nihal123

» Sri Lanka car registration up in July, tax not yet hit
Mon Sep 03, 2018 5:14 pm by Ethical Trader

» 2018 මාස 08 කදී කොළඹ කොටස් 4.54% කින් පසුබසී
Mon Sep 03, 2018 5:11 pm by Ethical Trader

» Sri Lanka rupee ends steady, stocks flat
Mon Sep 03, 2018 7:26 am by The Invisible

» Sri Lanka's August inflation in Colombo hits 5.9-pct
Mon Sep 03, 2018 7:24 am by The Invisible

» ජනාධිපතිවරණයට තවත් අපේක්ෂකයෙක්. සුමල්, ධම්මිකව යෝජනා කරයි VIDEO August, 30, 2018
Mon Sep 03, 2018 7:22 am by The Invisible

» Pictures & Stories ........
Sat Sep 01, 2018 6:57 pm by malanp

» සිංහ රෝහලට අසාධ්‍යයි
Fri Aug 31, 2018 7:56 pm by nihal123

» මාස 06 කදී වෙළෙඳ හිඟය ඩොලර් මිලියන 5,700 ඉක්මවයි
Tue Aug 28, 2018 8:01 pm by spw19721

» Billionaire Ashok Pathirage controlled Asiri Health to launch an MBBS degree Program
Tue Aug 28, 2018 5:26 pm by Ethical Trader

» දිගින් දිගටම වැඩි වෙමින් ඇති උද්ධමනය ගැන ආර්ථික විශේෂඥයින් අනතුරු අඟවයි
Mon Aug 27, 2018 11:47 am by Ethical Trader

» මැල්කම් ටර්න්බුල් පහකිරීමෙන් පසු ඕස්ට්‍රේලියාවේ අගමැති ධූරයට ස්කොට් මොරිසන්
Fri Aug 24, 2018 6:06 pm by Ethical Trader

» Sri Lanka rupee opens at new low, stocks gain 0.15-pct
Fri Aug 24, 2018 5:55 pm by Ethical Trader

» Sri Lanka's John Keells fine-tunes hotel strategy
Fri Aug 24, 2018 5:53 pm by Ethical Trader

» Sri Lanka's The Finance struggle to recover Ceylinco assets
Fri Aug 24, 2018 5:51 pm by Ethical Trader

» Sri Lanka increases planting subsidies for rubber
Thu Aug 23, 2018 10:34 am by The Invisible

» Sri Lanka eyes Euro, Yen and Renminbi bonds to cut costs
Thu Aug 23, 2018 10:33 am by The Invisible

» Sri Lanka to start first boat service in Colombo canals with navy
Thu Aug 23, 2018 10:32 am by The Invisible

» ලොකුම සමාගම් ලැයිස්තුව අලුත් වෙයි. ජෝන් කීල්ස් අභිබවා CTC අංක 1 ට
Thu Aug 23, 2018 8:41 am by Ethical Trader

» යෙන්, යුවාන්, යූරෝ බැඳුම්කර අලෙවියට ආණ්ඩුවේ සූදානමක්
Thu Aug 23, 2018 8:39 am by Ethical Trader

» හැරී ගේ මීළඟ ඉලක්කය
Wed Aug 22, 2018 5:23 pm by Ethical Trader

» Sri Lanka pension fund to value hotel stake eyed by HPL Hotels
Wed Aug 22, 2018 11:29 am by The Invisible

» Sri Lanka's Hemas Holdings profitability seen improving: Fitch
Wed Aug 22, 2018 11:27 am by The Invisible

» Sri Lanka's LMF to invest Rs2bn in new dairy farm
Wed Aug 22, 2018 11:26 am by The Invisible

» Sri Lanka’s national inflation accelerates to 3.4-pct in July
Wed Aug 22, 2018 11:23 am by The Invisible

» Sri Lanka rupee ends at new low, stocks flat
Wed Aug 22, 2018 11:22 am by The Invisible

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Tue Aug 21, 2018 11:00 pm by Expert

» මහජන බැංකුවෙන් ජෙහාන් ගේ සමාගමට දුන් රු. බිලියන 10 ගැන මහ බැංකුව මෙසේ කියයි
Tue Aug 21, 2018 9:26 pm by Rana

» මැරියට් ආයෝජනයෙන් ඉවත් වන්නේ ප්‍රමාණවත් ප්‍රතිලාභයක් ලැබුණොත් පමණයි – EPF අවධාරණය කරයි
Tue Aug 21, 2018 6:07 pm by Ethical Trader

September 2018
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
30      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

NBFI Sector

Page 3 of 3 Previous  1, 2, 3

Go down

Re: NBFI Sector

Post by serene on Thu Oct 08, 2015 7:48 pm

yellow knife wrote:Still 90% ceiling is valid

The statement made by Ravi K of reversing to 70% still not valid as he is not the minister responsible for banks and finance...

So much of Scientific base of Ministerial Portfolios

YK it should be other way round neda?
70% Ceiling is still valid and Ravis later said 90% is not valid yet.

serene
Top contributor
Top contributor

Posts : 3722
Join date : 2014-02-26

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Fri Oct 09, 2015 7:36 am

Oh my god...Thanx for the correction Serene... Embarassed Embarassed Embarassed Embarassed

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by serene on Fri Oct 09, 2015 8:57 am

yellow knife wrote:Oh my god...Thanx for the correction Serene... Embarassed Embarassed Embarassed Embarassed

cheers

serene
Top contributor
Top contributor

Posts : 3722
Join date : 2014-02-26

Back to top Go down

Re: NBFI Sector

Post by Market lover on Tue Oct 13, 2015 2:09 pm

serene wrote:
yellow knife wrote:Still 90% ceiling is valid

The statement made by Ravi K of reversing to 70% still not valid as he is not the minister responsible for banks and finance...

So much of Scientific base of Ministerial Portfolios

YK it should be other way round neda?
70% Ceiling is still valid and Ravis later said 90% is not valid yet.


Just now spoke to kiribathgoda Central finance guys the 70% is what u get the maximum lease not 90% as it's not yet been approved by the central bank.

Market lover
Top contributor
Top contributor

Posts : 595
Join date : 2014-10-15

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Tue Oct 20, 2015 10:31 am

NBFI sector results will be good.

1. Vehicle price increased. That force existing customers to pay without delay. NPL will be healthy

2. Second hand price has gone up. Tenders will be profitable removing disposal losses

3. September was the highest month of vehicle registration.

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Thu Oct 29, 2015 12:45 pm

90% leasing facility  for motor vehicles will be effectove from today. CBSL to inform all private and state banks..Finance Ministry... Ada Dearana SMS Alert

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Tue Dec 08, 2015 3:32 pm

December 8, 2015 at 3:00 pm | lanka C news

[You must be registered and logged in to see this image.]
අර්බුදයට ලක්වන මූල්‍ය ආයතන ප්‍රතිප්‍රාග්ධනීකරණයට සහාය වීමේ සහ ඒවායේ අර්බුදයට ලක්වී ඇති වත්කම් භාරගෙන එම ආයතන ප්‍රතිව්‍යූහගත කිරීමේ අරමුණින් කටයුතු කිරීමට මූල්‍ය ආයතන ප්‍රතිව්‍යූහගත කිරීමේ ආයතනයක් (Financial Intitutions Restucturing Agency – FIRA) ස්ථාපිත කිරීමට රජය සැලසුම් කර ඇත.
මෙම ආයතනය වෙත මූලික අදියරේ දී ප්‍රාග්ධනය වශයෙන් රුපියල් මිලියන 10 ක් සහ වසර 5 කින් කල්පිරෙන රුපියල් බිලියන 25 ක් වටිනා භාණ්ඩාගාර බැඳුම්කර ලබා දීමට රජය කටයුතු කරනු ලබයි.
මෙහිදී ප්‍රතිව්‍යූහගත කරන මූල්‍ය ආයතන ශ්‍රී ලංකා මහ බැංකුවේ දැඩි අධීක්ෂණයට යටත් වනු ඇත. මේ සඳහා ප්‍රවේශයක් ලෙස තැන්පත්කරුවන්ට ආරක්ෂාව සහ සහනයක් ලබාදීමට ශ්‍රී ලංකා මහ බැංකුව විසින් 100% ක ඇපකරයක් සියලූම ලියාපදිංචි මූල්‍ය ආයතනවල තැන්පත්කරුවන් සඳහා 2016 ජනවාරි මස අග භාගයේ දී ලබා දීමට නියමිතය.
මුදල් අමාත්‍යවරයා විසින් පාර්ලිමේන්තුවට ඉදිරිපත් කරන ලද නවතම අයවැය යෝජනාවල මේ පිළිබඳ සඳහන් වේ

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by slstock on Tue Dec 08, 2015 3:43 pm

Is this not only regarding previously troubled one right?

"තැන්පත්කරුවන්ට ආරක්ෂාව සහ සහනයක් ලබාදීමට ශ්‍රී ලංකා මහ බැංකුව විසින් 100% ක ඇපකරයක් සියලූම ලියාපදිංචි මූල්‍ය ආයතනවල තැන්පත්කරුවන් සඳහා 2016 ජනවාරි මස අග භාගයේ දී ලබා දීමට නියමිතය."

Am trying to figure how on earth theuy can give guantee to all Finco deposits. How much money should there be for that? Just add deposits of PLC + CFIN,LFIN, COCR itself . Thats simply massive.


yellow knife wrote:

December 8, 2015 at 3:00 pm | lanka C news

[You must be registered and logged in to see this image.]
අර්බුදයට ලක්වන මූල්‍ය ආයතන ප්‍රතිප්‍රාග්ධනීකරණයට සහාය වීමේ සහ ඒවායේ අර්බුදයට ලක්වී ඇති වත්කම් භාරගෙන එම ආයතන ප්‍රතිව්‍යූහගත කිරීමේ අරමුණින් කටයුතු කිරීමට මූල්‍ය ආයතන ප්‍රතිව්‍යූහගත කිරීමේ ආයතනයක් (Financial Intitutions Restucturing Agency – FIRA) ස්ථාපිත කිරීමට රජය සැලසුම් කර ඇත.
මෙම ආයතනය වෙත මූලික අදියරේ දී ප්‍රාග්ධනය වශයෙන් රුපියල් මිලියන 10 ක් සහ වසර 5 කින් කල්පිරෙන රුපියල් බිලියන 25 ක් වටිනා භාණ්ඩාගාර බැඳුම්කර ලබා දීමට රජය කටයුතු කරනු ලබයි.
මෙහිදී ප්‍රතිව්‍යූහගත කරන මූල්‍ය ආයතන ශ්‍රී ලංකා මහ බැංකුවේ දැඩි අධීක්ෂණයට යටත් වනු ඇත. මේ සඳහා ප්‍රවේශයක් ලෙස තැන්පත්කරුවන්ට ආරක්ෂාව සහ සහනයක් ලබාදීමට ශ්‍රී ලංකා මහ බැංකුව විසින් 100% ක ඇපකරයක් සියලූම ලියාපදිංචි මූල්‍ය ආයතනවල තැන්පත්කරුවන් සඳහා 2016 ජනවාරි මස අග භාගයේ දී ලබා දීමට නියමිතය.
මුදල් අමාත්‍යවරයා විසින් පාර්ලිමේන්තුවට ඉදිරිපත් කරන ලද නවතම අයවැය යෝජනාවල මේ පිළිබඳ සඳහන් වේ

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply [You must be registered and logged in to see this image.]

---------
avatar
slstock
Veteran
Veteran

Posts : 5220
Join date : 2014-06-12

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Tue Dec 08, 2015 3:47 pm

100% on all deposits of Fiance companies...yes the amount is massive..

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by slstock on Tue Dec 08, 2015 3:50 pm

Yes I know. But am not sure how this is done.

How much money do they need for this reserve for this if handled by CB.

Else this maybe like insurance scheme.

That a though , there are no insurance companies to do such in SL right ?
Are there?



yellow knife wrote:100% on all deposits of Fiance companies...yes the amount is massive..

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply [You must be registered and logged in to see this image.]

---------
avatar
slstock
Veteran
Veteran

Posts : 5220
Join date : 2014-06-12

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Tue Dec 08, 2015 3:54 pm

Yes how they are going to operate is yet not known...

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Wed Aug 24, 2016 8:29 am

Upadeshana Service of CBSL and Financial Ombudsman assist those who are in debtors in distress.

Surprisingly today news papers (24th August 2016) ( Lankadeepa )

publishes a full page advertisement about a limited liability company registered under company act 2007 and chaired by infamous Mervy Silva to do the same task.

I think the regulator should monitor the activities of such and its legality. Having an association of debtors is different from having a registered company with the prime objective of doing Financial Ombudsman service ..

We remember how Duminda Silva then the MP was appointed to Touchwood directorship just to frighten the possible inquirers at AGM.

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Thu Jun 22, 2017 9:52 am

Banks to raise loan rates as CB abandons caps

*  Several banks inform customers of upcoming higher credit card rates...

* Credit cared interest rates likely to top 28% per annum

* Higher rates on housing loans, overdrafts likely

* Banks also mull higher penal rates on late payments

Source : Daily Mirror

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Re: NBFI Sector

Post by Future123 on Thu Jun 22, 2017 11:47 am

Thanks YK. This is somewhat bad news for the economy. The interest rates should go down for more economic activities.

Charging 28% on credit cards is a crime.

yellow knife wrote:Banks to raise loan rates as CB abandons caps

*  Several banks inform customers of upcoming higher credit card rates...

* Credit cared interest rates likely to top 28% per annum

* Higher rates on housing loans, overdrafts likely

* Banks also mull higher penal rates on late payments

Source : Daily Mirror

Future123
Active Member
Active Member

Posts : 1435
Join date : 2014-04-09

Back to top Go down

Re: NBFI Sector

Post by Ethical Trader on Thu Jun 22, 2017 12:17 pm

Thanks YK.

Usually, removing interest rate caps are considered as a step towards liberalizing the supply of money in the market. As a result, the Banks will have to compete with each other for survival, thus bringing down the interest rates further to a level sustainable as per market conditions.

Of course, initial hiccups would be there as predicted by the paper, but in the long run, rates will stabilize @ sustainable levels. This is good for the economy.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 4282
Join date : 2014-02-28

Back to top Go down

Re: NBFI Sector

Post by Future123 on Thu Jun 22, 2017 1:38 pm

Different view ET. Good.

If the lending rates go up, the cost of borrowed funds (interest expenses) would go up. This will impact the businesses and individuals.

Is the ceiling on deposit rates also relaxed? If so, people will put their money in FD and do nothing. This will affect the economic growth as new businesses won't start up.

Ethical Trader wrote:Thanks YK.

Usually, removing interest rate caps are considered as a step towards liberalizing the supply of money in the market. As a result, the Banks will have to compete with each other for survival, thus bringing down the interest rates further to a level sustainable as per market conditions.

Of course, initial hiccups would be there as predicted by the paper, but in the long run, rates will stabilize @ sustainable levels. This is good for the economy.

Future123
Active Member
Active Member

Posts : 1435
Join date : 2014-04-09

Back to top Go down

Re: NBFI Sector

Post by yellow knife on Mon Oct 23, 2017 7:52 am

It seems there are two challenged ahead for the Finance Companies.

1. Dialog acquisition of Colombo Trust Finance PLC.

Dialog acquired 80.34% of CTF from Cargills Bank Limited at the value of Rs 1.1 Billion.

Now Dialog is ready to invest further 550 Million to reach the regulatory minimum of 1 Billion as the company already core capital of Rs 450 million.

This company already include 43 employees and only two branches.

Dialog plans to set up country's first digital bank next year.

2. Crowd funding is becoming popular in the world. The world is changing. Uber is running a taxi service owning no vehicle or a driver. Airbandb operates accommodation service owning no hotel. Crowd funding would be a threatening approach initially to NBFIs and later to banks.

yellow knife
Top contributor
Top contributor

Posts : 5930
Join date : 2014-03-27

Back to top Go down

Page 3 of 3 Previous  1, 2, 3

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum