BANKING SECTOR IN SRI LANKA

 The banking sector in Sri Lanka
a is monitored by the Bank Supervision Department of the central bank of sri Lanka under the Banking Act, Monetary Law Act and the Exchange Control Act.
Three types of financial institutions are permitted under Banking Act and the Finance Companies Act to operate in sri lanka by the central bank of sri Lanka.They are
  1. Licensed Commercial Banks
  2. Registered Finance Companies
  3. Licensed Specialized Banks
These institutions can accept deposits from the public. The number of licensed specialized banks reduced from 14 to 9 and the number of registered financial institutions increased from 31 to 36 during the period of 2007 to 2010.The current list of banks in sri Lanka  is published by central bank of sri Lanka periodically.

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