Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Sri Lanka Equity Analytic
සිංහල පරිවර්තනය
Search
 
 

Display results as :
 

 


Rechercher Advanced Search

Latest topics

» Market Sell Off
by kovida Today at 4:03 pm

» Keep Eye On Sira.......
by sapumal Today at 11:30 am

» Abans in mega Shopping Mall project : Fitch report
by fortuneteller Today at 10:14 am

» Wiser's TA Chart Room
by wiser Today at 9:54 am

» Daily News Bulletin | දිනපතා ප්‍රවෘත්ති
by Sstar Today at 9:51 am

» VONE , is it time to sell or holds
by Yahapalanaya Today at 4:22 am

» TFCX.000 collecting.....
by anges Today at 12:33 am

» Silent ABL
by Ahcha Yesterday at 2:03 pm

» ABANS FINANCE PLC IN DEEP TROUBLE?
by fortuneteller Yesterday at 1:06 pm

» Arpico Insurence
by sureshot Yesterday at 12:10 pm

» Sri Lanka's Sampath Bank net up 52-pct in Dec
by MAKARA Yesterday at 9:50 am

» Another ALHP Drama Staging on
by wisdom79 Yesterday at 7:30 am

» ALHP WILL MOVE UP SOON
by wisdom79 Sun Feb 18, 2018 9:25 pm

» Tips For Avoiding Excessive Trading ;)
by CubedSol Sat Feb 17, 2018 2:15 am

» IMPACT OF ELECTION RESULTS - one more hour to analyse
by soileconomy Fri Feb 16, 2018 9:22 pm

» Keep Eye on RIL
by Ran49 Fri Feb 16, 2018 5:52 pm

» Risk Management !!!!!!!!!!!!!!!!!!!>>>>>>>>>>>>>>>
by wiser Fri Feb 16, 2018 3:53 pm

» GREG & TAP DISCLOSE
by wiser Fri Feb 16, 2018 2:03 pm

» SCAP - SOFT LOGIC CAPITAL
by Ran49 Fri Feb 16, 2018 7:08 am

» Thx for all...
by Uaecoindubai Thu Feb 15, 2018 7:07 pm

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » CB justifies move

CB justifies move

Go down  Message [Page 1 of 1]

1 CB justifies move on Wed Sep 16, 2015 10:09 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The Central Bank in a statement said it has observed with concern the recent growth of exposure of banks and financial institutions to certain categories of lending, including lending in respect of motor vehicles. 

As such, with a view to pre-empt this trend which may develop into a system-wide risk to the financial sector, the Monetary Board of the Central Bank of Sri Lanka decided to impose a maximum Loan to Value (LTV) ratio of 70 per cent in respect of loans and advances granted for the purpose of purchase or utilisation of motor vehicles by banks and financial institutions supervised by the Central Bank in terms of the relevant legal and supervisory provisions. 


“The imposition of such LTV ratios is a key regulatory practice adopted globally to address such macroprudential concerns on lending activities of regulated entities as and when such concerns are raised,” CB said.

Accordingly, with effect from September 15, 2015, loans and advances granted by licensed banks, finance companies and leasing companies for the purpose of purchase or utilisation of motor vehicles should not exceed 70 per cent of the value of such vehicles. The Central Bank will monitor the developments closely to ensure the timely realisation of the envisaged outcomes of this macroprudential regulatory measure and make appropriate revisions as and when necessary.
Courtesy: Daily Financial Times 16 September 2015

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum