PRODUCT CATEGORY OF PAN ASIA BANK Deposits Saving Accounts Normal savings Rs1000 Champion saver Rs1000 Salary accounts/salary saver Rs200 Sammana saving Rs200 Minor saving account Initial deposit Daskam 1000 Mithuru 500 Target investment plan 2 year investment plan 3 year investment plan 4 year investment plan 5 year investment plan Blue chip money market saving Below 10 mn- 0% Above 10mn -...
Posts
Showing posts from May, 2019
- Get link
- X
- Other Apps
The Bank's Begining To accommodate dynamic economic and financial system developments upon gaining independence in 1948, the post-independence Government of Ceylon (as Sri Lanka was then known) established the Central Bank of Ceylon to maintain an active monetary policy regime and a dynamic financial sector to support and promote economic growth. Prior to the establishment of the Central Bank, the Currency Board System set up under the Paper Currency Ordinance No.32 of 1884 functioned as the country’s Monetary Authority, though very narrow in its capacity. This system was deemed inadequate for a developing country upon gaining political independence. Technical expertise to establish a central bank was sought from the United States of America (USA) in July 1948, with Mr. John Exter, an American economist from the Federal Reserve of USA being appointed to carry out this task. The Exter Report on the rationale and the legal framework for a central bank was presented to the ...