Nimble banking system News

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Local News

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

May 18, 2026 at 4:45 AM

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.

14 sources

Local News

Image Source : lankanewsweb.net

National Savings Bank Launches Nationwide Digital Banking Awareness Campaign.

May 17, 2026 at 12:21 AM

7 sources

Local News

Central Bank of Sri Lanka Conducts Nationwide Audit of Financial Institutions Following NDB Fraud.

Following a major financial misappropriation at NDB, the Central Bank of Sri Lanka has confirmed it conducted a comprehensive audit of all banks to ensure no similar systemic irregularities exist elsewhere.

May 13, 2026 at 4:27 PM

6 sources

Local News

Central Bank Clarifies Role in Government Payments Amid Fraud Concerns.

Central Bank Governor Nandalal Weerasinghe has clarified that the institution acts only as an execution agent for government payments, following controversies regarding a $2.5 million fraudulent debt transaction.

May 13, 2026 at 1:12 PM

2 sources

Economy•

May 12, 2026 at 2:35 AM

Syria Reconnects with Global Financial Systems Through Visa and Mastercard Integration.

Syria has officially authorized local banks to collaborate with Visa and Mastercard, ending a 15-year isolation from global payment networks as part of a strategic effort to revitalize its economy.

10 sources

Local News

Fintrex Finance Launches 'Nimble' Core Banking System in Major Digital Shift.

May 11, 2026 at 8:18 AM

Fintrex Finance has successfully deployed its new core banking platform, 'Nimble', developed in partnership with APTS and Craft Silicon, to enhance digital service efficiency and customer experience.

5 sources

Image Credit : cnbc.com

Finance

Image Source : theasianbanker.com

NDB Bank Finalizes Complete Divestment of Seylan Bank Shares.

May 11, 2026 at 6:22 AM

5 sources

Local News

Image Source : sundaytimes.lk

People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy.

May 10, 2026 at 12:01 AM

10 sources

Finance

Image Source : ft.lk

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

May 8, 2026 at 10:39 AM

8 sources

Local News•

May 7, 2026 at 2:01 AM

Serious Financial Irregularities Surface: Aswesuma Overpayments and NDB Bank Fraud Concerns.

Recent reports reveal a Rs. 500 million overpayment in the Aswesuma welfare program, alongside allegations of a Rs. 13.2 billion fraud at NDB Bank, sparking urgent calls for parliamentary inquiries and regulatory accountability.

6 sources

Finance

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

May 3, 2026 at 1:54 AM

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.

20 sources

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments

Image Credit : independent.lk

Local News

Image Source : independent.lk

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

May 2, 2026 at 7:33 PM

8 sources

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

19 sources

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

7 sources

LOLC Finance Expands Strategic Footprint in Negombo with New Metro Branch

Image Source : divaina.lk

Local News•

April 29, 2026 at 7:58 PM

LOLC Finance Expands Strategic Footprint in Negombo with New Metro Branch.

LOLC Finance has inaugurated a new state-of-the-art Metro Branch in Negombo, marking a significant milestone in its two-decade commitment to the region's economic growth and community development.

4 sources

Technology

Banking Sector Embraces Artificial Intelligence to Reshape Financial Services.

April 29, 2026 at 7:16 PM

Financial institutions are rapidly integrating AI to optimize operations, enhance customer onboarding, and improve efficiency ratios, though challenges regarding return on investment persist.

16 sources

Finance

Image Source : lankabusinessnews.com

Seylan Bank Launches Interest-Free Salary Advance Scheme for Professionals.

April 24, 2026 at 3:13 AM

15 sources

Economy

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.

April 21, 2026 at 9:07 AM

14 sources

Technology

Image Source : appinventiv.com

Wall Street’s Multi-Billion Dollar AI Bet: Redefining Banking Survival.

April 20, 2026 at 4:16 AM

8 sources

Local News•

April 20, 2026 at 12:18 AM

Nations Trust Bank Poised for Robust Growth Following Strong Financial Performance.

First Capital Research reports that Nations Trust Bank (NTB) is entering a phase of sustainable growth, supported by a clean balance sheet, improved asset quality, and strategic expansion plans including the acquisition of HSBC's retail operations in Sri Lanka.

7 sources