2 Indian banks to end their operations in Sri Lanka

The two Indian private sector lenders Axis Bank and ICICI Bank to close their operations in Sri Lanka after the Central Bank of Sri Lanka has permitted. The licenses issued by Central Bank of Sri Lanka will be cancelled once the winding-up operations are complete. The two banks are no longer to carry their banking operations, including accepting deposits from the public in Sri Lanka.

Important takeaways for all competitive exams:

  • Sri Lanka Capitals: Sri Jayawardenepura Kotte; Currency: Sri Lankan rupee.
  • Prime minister: Mahinda Rajapaksa.

 

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