LATEST NEWS

Sri Lanka's Bank of Ceylon plans to open about 8 more branches in India

Chennai: Sri Lanka-based Bank of Ceylon plans to open about eight more branches in India, the foreign lender's Chairman Gamini Wicramasinghe said.

"We are going to places outside Sri Lanka and India is on top of our focus area," Wicramasinghe said during the inauguration of the bank's new premises in Chennai city. The bank has been functioning in Chennai since 1995, he said.

About six to seven branches will be opened in the southern region of country and one branch will be opened in Varanasi city, which is visited by lots of Sri Lankan pilgrims, he said.

Moreover, the Sri Lankan bank also plans to launch several ATMs (automated teller machines) and introduce internet banking services to its clients in India, he added.

India has 38 foreign banks, including the likes of Standard Chartered, HSBC, Woori Bank, Rabobank International and Industrial and Commercial Bank of China operating via their 312 branches in the country.

Copyright Contify.com

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

DON'T MISS

  • Aluminium firms looking for safeguards from cheap Chinese imports

    With the northern neighbour sitting on huge excess capacity in steel and aluminium, it is looking at ready markets, and India happens to be one such market. …

  • Rajan wants govt to bite the bullet on fiscal deficit

    RBI Governor Raghuram Rajan, a celebrated economist, believes any deviation from fiscal deficit target would damage the government's credibility overseas and also impact the macro-economic stability. …

  • Houses Off the Shelf

    Prefabricated homes, quicker to build than conventional ones, are gaining in popularity. …

  • Trials and Errors

    The author's account of his experiences as a practising lawyer in the Indian legal system is both revelatory and entertaining. …

  • Reality Bites

    The rural economy is reeling under erratic monsoons and unfriendly government policies. As a result, India Inc, too, is feeling the heat as rural consumption shrinks to a multi-year low. …

  • The Shoe Is Pinching

    How long will it take for the government to phase out corporate tax exemptions? …

  • Taxman at the Door

    An ignorant yet aggressive tax system has e-commerce companies looking for succour. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    68.25-0.60-0.87%
    SPICEJET.BO
    13.60+0.70+5.43%
    SUZLON.BO
    57.55-3.65-5.96%
    HDIL.BO
    63.30+0.95+1.52%
    VEDL.BO
    154.95+0.75+0.49%
    SBIN.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    433.60+72.20+19.98%
    GLOSTER.BO
    121.00+20.10+19.92%
    SHRIDINE.BO
    63.00+10.45+19.89%
    AMBITION.BO
    50.50+8.05+18.96%
    PFOCUS.BO
    244.90+38.30+18.54%
    BINNYMILLS.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    29.60-7.40-20.00%
    NAHARPOLY.BO
    124.40-31.05-19.97%
    BLISSGVS.BO
    53.40-13.30-19.94%
    EDL.BO
    48.20-12.00-19.93%
    SIGNETIND.BO
    31.50-7.65-19.54%
    MHLXMIRU.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket