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The Daily News wishes its readers a peaceful and prosperous Deepavali

The case for privatization of two state-owned commercial banks

by Goonathillake Atapattu, Chartered Banker

It was reported, some time ago, both in the Sinhala and English print media that the governor of the Central Bank of Sri Lanka had stated that, as part of the financial sector reforms envisioned for the economy of Sri Lanka, the state-owned commercial banks, the Bank of Ceylon and the People's Bank would have to be privatized at the appropriate time.
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