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Legal action can be taken if banks do not reduce interest rates - Cabraal
Jul 17, 201403:42 PM
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Legal action can be taken if banks do not reduce interest rates - Cabraal
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EXCLUSIVE:: The Central Bank of Sri Lanka (CBSL) has the authority to resort to legal action if commercial banks do not further reduce their interest rates in line with the stipulated rates, said the Central Bank Governor.

During an exclusive interview with AdaderanaBiz.lk, Cenrtal Bank Governor Ajith Nivard Cabraal said a recent survey conducted by the Central Bank has revealed that commercial banks could further reduce their interest rates.

Read full article on Ada Derana Biz

 

 

 

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