DSI to make further inroads in region
D. Samson Industries is looking to open several
showrooms in India in a quest to expand their foot print in the
region. Managing Director, D. Samson Industries, Kulatunga Rajapaksa
said that they are looking at openings in Chennei, Bangalore and
Coimbatore.
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Net Interest Margin expected to decline
The banking industry which accounts for 75 % of
GDP in Sri Lanka experiences increased pressure on Net Interest
Margin (NIM) and industry authorities emphasize the need to arrest
the situation by introducing flexible and novel banking solutions
particularly leasing and venture capital, fee-based banking,
merchant and investment banking.
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‘Zero tolerance policy to prevent illegal operations vital’
The collapsing of financial institutions cannot
be totally eliminated but a ‘zero tolerance' policy to prevent
illegal operations and mismanagement will go a long way. President
Counsel Dr Dayanath Jayasuriya said at a seminar on “Implications of
the new Finance Business Act” (FB) at the Cinnamon Lakeside Colombo
recently.
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