Categories: Banking

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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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.