INSUBCONTINENT EXCLUSIVE:
The Central Bank of Sri Lanka (CBSL) has actually directed Kanrich Finance Limited (KFL) to settle its public liabilities completely, by the
Appropriately, the Monetary Board of CBSL, as a procedure to enhance the Non-Bank Financial Institutions Sector under the Masterplan for
Consolidation, decided to direct KFL to settle its public liabilities completely within 26 December 2022 and 28 February 2023, due to
continuous capital deficiencies faced by KFL
The aforesaid instructions was provided in the very best interest of depositors and promissory note holders of KFL, subsequent to securing
procedures to have sufficient funds readily available for KFL to fully settle its public liabilities and further directing KFL to exit from
the financing company after such settlement, CBSL kept in mind in a statement.Accordingly, KFL will takegptsettls go int T0
This short article very first appeared/also appeared in https://adaderana.lk
