The Seylan Bank is now stable with the net inflow of cash
on Friday exceeding the outflow and net reserve ratios at comfortable
levels, authoritative official sources said yesterday.
Regulatory directions issued to the bank as the Golden Key
issue surfaced prevented the bank’s assets from not being applied for
matters unconnected with it.
Although there had been a spate of withdrawals amounting
to around Rs. 700 million initially, the bank had honoured all deposit
demands, including premature withdrawals, and there has been no fund
infusion into Seylan by either the Central Bank of the Bank of Ceylon both
which had assured it of their full backing.
Copyright©Upali Newspapers Limited.
Hosted by
