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Local News

Strengthening the Banking Pillar: Essential for Sri Lanka’s Long-Term Economic Resilience.

May 19, 2026 at 12:22 AM

This article explores how a robust banking sector is critical for Sri Lanka's economic recovery, addressing misconceptions regarding bank profitability and highlighting the sector's vital role in national stability.

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Strengthening the Banking Pillar: Essential for Sri Lanka’s Long-Term Economic Resilience
Image Credit : dailyexpress.lk
Local News

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

May 18, 2026 at 4:45 AM
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Local News
Central Bank and Treasury Overhaul Systems Following $2.5 Million Cyber Fraud
Image Source : adaderana.lk

Central Bank and Treasury Overhaul Systems Following $2.5 Million Cyber Fraud.

May 13, 2026 at 8:19 AM
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Finance
NDB Bank Finalizes Complete Divestment of Seylan Bank Shares
Image Source : theasianbanker.com

NDB Bank Finalizes Complete Divestment of Seylan Bank Shares.

May 11, 2026 at 6:22 AM
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Fintech Startup Parker Files for Chapter 7 Bankruptcy Following Failed Sale
Technology•
May 9, 2026 at 8:36 PM

Fintech Startup Parker Files for Chapter 7 Bankruptcy Following Failed Sale.

Parker, a Y Combinator-backed fintech startup specializing in e-commerce credit solutions, has filed for Chapter 7 bankruptcy and ceased operations after a potential acquisition deal collapsed.

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Local News

International Investigation Tracks Stolen $2.5 Million Treasury Funds to Delaware.

May 9, 2026 at 7:20 PM

Sri Lankan authorities, supported by the FBI, have traced a portion of the $2.5 million stolen from the Finance Ministry to a bank account in Delaware, USA, following a sophisticated cyber breach.

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International Investigation Tracks Stolen $2.5 Million Treasury Funds to Delaware
Image Credit : therecord.com
Finance
Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures
Image Source : ft.lk

Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures.

May 8, 2026 at 10:39 AM
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Local News

Major Shifts in Sri Lanka: HSBC Exits Retail Banking as Stock Market Faces Foreign Outflow Pressure.

HSBC has officially ceased its retail banking operations in Sri Lanka, transferring accounts to Nations Trust Bank, while the Colombo Stock Exchange reports record foreign outflows surpassing Rs 25 billion.

May 5, 2026 at 6:21 PM
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Local News
Nations Trust Bank Finalizes Acquisition of HSBC Sri Lanka Retail Operations
Image Source : newswire.lk

Nations Trust Bank Finalizes Acquisition of HSBC Sri Lanka Retail Operations.

May 4, 2026 at 3:40 AM
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NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments
Image Source : independent.lk
Finance•
May 3, 2026 at 1:54 AM

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

National Development Bank (NDB) has announced its Q1 2026 results, acknowledging a total internal fraud impact of LKR 13.20 billion. The bank has restated prior years' financial statements to reflect the losses, while reporting a 15.3% growth in gross income.

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Local News

Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.

May 2, 2026 at 7:33 PM

Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).

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Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud
Image Credit : independent.lk
Local News

A String of High-Stakes Financial Frauds Rock Sri Lanka’s Economic Landscape.

Sri Lanka is grappling with a series of significant financial irregularities, including a massive internal bank fraud and multiple government-level payment security breaches, raising urgent concerns over governance and oversight.

May 2, 2026 at 7:31 PM
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Business

DFCC Bank and NCCSL Join Forces to Boost Sri Lankan SMEs.

DFCC Bank has partnered with the National Chamber of Commerce of Sri Lanka to provide SMEs with enhanced market access, financial literacy, and advisory services, moving beyond traditional lending.

April 30, 2026 at 11:28 AM
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Finance

People’s Bank Investment Banking Unit Secures Prestigious Global Accolade for 2026.

People's Bank Investment Banking Unit (PBIBU) has been recognized as the Best Investment Bank in Sri Lanka for 2026 by the Global Banking and Finance Review Awards, highlighting its significant contributions to the local financial sector.

April 29, 2026 at 7:59 PM
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Government Investigates Duplicate Payments to RDA Contractors
Image Source : themorningtelegraph.com
Local News•
April 29, 2026 at 9:39 AM

Government Investigates Duplicate Payments to RDA Contractors.

The Sri Lankan government has acknowledged that duplicate payments were mistakenly made to Road Development Authority (RDA) contractors. The Bank of Ceylon is currently working to recover the funds amid mounting questions from opposition lawmakers.

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Technology

Goldman Sachs Executive Kunal Shah on How Junior Talent and AI Are Reshaping Investment Banking.

April 25, 2026 at 11:04 AM

Goldman Sachs International co-CEO Kunal Shah discusses the evolving landscape of global finance, emphasizing how AI and tech-savvy junior talent are driving innovation and disrupting traditional banking workflows.

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Goldman Sachs Executive Kunal Shah on How Junior Talent and AI Are Reshaping Investment Banking
Image Credit : riachannel.com
Local News
Finance Ministry Initiates CID Probe Following Cyber Breach and Unauthorized Fund Transfer
Image Source : lankasara.com

Finance Ministry Initiates CID Probe Following Cyber Breach and Unauthorized Fund Transfer.

April 24, 2026 at 6:59 AM
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Local News

Analysis: Why Sri Lanka’s $2.5 Million Debt Payment Divergence Was Likely a Process Failure.

Experts suggest the diversion of a $2.5 million sovereign debt payment was likely a Business Email Compromise (BEC) rather than a complex cyber-attack, highlighting critical gaps in financial verification processes.

April 24, 2026 at 12:18 AM
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Finance
European Regulators Impose Heavy Fines on Global Banks for Forex Cartel Activities
Image Source : ifre.com

European Regulators Impose Heavy Fines on Global Banks for Forex Cartel Activities.

April 21, 2026 at 9:15 AM
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Economy•
April 21, 2026 at 9:07 AM

Bangladesh Banking Crisis: DCCI Highlights Paradox of Excess Liquidity and Credit Drought.

The Dhaka Chamber of Commerce & Industry (DCCI) has warned that despite banks holding record excess liquidity, the private sector, particularly SMEs, is struggling to access credit. Experts call for urgent structural reforms and improved data accuracy to resolve this economic bottleneck.

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