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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
NBFI Sector - Page 3 EmptyToday at 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
NBFI Sector - Page 3 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
NBFI Sector - Page 3 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
NBFI Sector - Page 3 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
NBFI Sector - Page 3 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
NBFI Sector - Page 3 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
NBFI Sector - Page 3 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
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» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
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» The Korean Way !
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» In the Meantime Within Our Shores!
NBFI Sector - Page 3 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
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» SRI LANKA TELECOM PLC (SLTL.N0000)
NBFI Sector - Page 3 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» Equinox ( වසන්ත විෂුවය ) !
NBFI Sector - Page 3 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
NBFI Sector - Page 3 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
NBFI Sector - Page 3 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
NBFI Sector - Page 3 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
NBFI Sector - Page 3 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
NBFI Sector - Page 3 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
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» 104 Technical trading experiments by HUNTER
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» GLAS.N0000 (Piramal Glass Ceylon PLC)
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» Cboe Volatility Index
NBFI Sector - Page 3 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
NBFI Sector - Page 3 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
NBFI Sector - Page 3 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
NBFI Sector - Page 3 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
NBFI Sector - Page 3 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
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» CSD.N0000 (Seylan Developments PLC)
NBFI Sector - Page 3 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
NBFI Sector - Page 3 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
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» NTB.N0000 (Nations Trust Bank PLC)
NBFI Sector - Page 3 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
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» When Seagulls Follow the Trawler
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» Re-activating
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
NBFI Sector - Page 3 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
NBFI Sector - Page 3 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
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» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
NBFI Sector - Page 3 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» Capital Trust Broker in difficulty?
NBFI Sector - Page 3 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
NBFI Sector - Page 3 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
NBFI Sector - Page 3 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
NBFI Sector - Page 3 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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yellow knife
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    NBFI Sector

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    serene
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

    Post by serene 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.
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

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

    Oh my god...Thanx for the correction Serene... Embarassed Embarassed Embarassed Embarassed
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

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

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

    cheers
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

    Post by Market lover 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.
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

    Post by yellow knife 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.
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

    Post by yellow knife 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
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

    Post by yellow knife 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
    slstock
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    NBFI Sector - Page 3 Empty Re: NBFI Sector

    Post by slstock 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

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    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


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

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


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

    Yes how they are going to operate is yet not known...
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    Post by yellow knife 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.
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    Post by yellow knife 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
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    Post by Future123 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
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    Post by Ethical Trader 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.
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    Post by Future123 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.
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    Post by yellow knife 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.

      Current date/time is Fri Jul 19, 2024 5:59 pm