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ETI Finance
Edirisinghe Trust Investments Finance Limited also popularly known as ETI Finance is a Sri Lankan private limited company as well as a non banking financial institution which worked as a licensed finance company accepting deposits from general public. The company's business was primarily based on lending money on gold securities. On 13 July 2020, Central Bank of Sri Lanka decided to cancel the license of the company due to insufficient capital and financial problems regarding repaying depositors' money on demand as well as before maturity. Corporate history The company was founded by veteran entrepreneur E. A. P. Edirisinghe in 1967 initially as a pawning business registered under the Finance Companies Act no 78 of 1988. The company later expanded its business activities such as accepting deposits, leasing etc. ETI Finance is a core company of popular family controlled entity EAP Holdings. The company was regarded as a leading financial institution in Sri Lanka for decades an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soma Edirisinghe
Soma Edirisinghe ( si, සෝමා එදිරිසිංහ; 5 July 1939 – 5 November 2015) was a Sri Lankan corporate executive, film producer, philanthropist and social worker. She was born in Meegoda, Sri Lanka on 5 July 1939 to a family of nine daughters, and died on 5 November 2015 at a private hospital in Colombo. She was married to EAP Edirisinghe and they had four children: three sons, Jeewaka, Nalaka and Asanka, and a daughter, Deepa. Early life Edirisnghe was the daughter of Charles Perera, a farmer; her mother was a housewife. She attended Meegoda Government School, Dharmapala Vidyalaya Pannipitaya and Samudradevi School in Nugegoda (St.john's College), a suburb of Colombo. EAP Edirisinghe initially proposed marriage to one of her sisters, however the offer was declined. Business career Her career began in 1974 with the sudden death of her husband, EAP Edirisinghe, the founder of EAP Holdings. Friends and family expected her to sell the business due to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Sri Lanka
The Central Bank of Sri Lanka ( CBSL; si, ශ්රී ලංකා මහ බැංකුව, Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA), it is a semi-autonomous body, and following the amendments to the MLA in December 2002, is governed by a five-member Monetary Board, comprising the Governor as chairman, the Secretary to the Ministry of Finance and Planning, and three members appointed by the President of Sri Lanka, on the recommendation of the Minister of Finance, with the concurrence of the Constitutional Council. History The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for issuing the country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Liquidity Ratio
In India, the Statutory liquidity ratio (SLR) is the Government term for the reserve requirement that commercial banks are required to maintain in the form of cash, gold reserves,Govt. bonds and other Reserve Bank of India (RBI)- approved securities before providing credit to the customers. The SLR to be maintained by banks is determined by the RBI in order to control liquidity expansion. The SLR is determined as a percentage of total demand and time liabilities. Time liabilities refer to the liabilities which the commercial banks are liable to repay to the customers after an agreed period, and demand liabilities are customer deposits which are repayable on demand. An example of a time liability is a six-month fixed deposit which is not payable on demand but only after six months. An example of a demand liability is a deposit maintained in a saving account or current account that is payable on demand. The SLR is commonly used to control inflation and fuel growth, by decreasing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Sri Lanka
This is a list of banks in Sri Lanka. Central Bank *Central Bank of Sri Lanka Licensed Commercial Banks # Amana Bank #Bank of Ceylon #Bank of China # Cargills Bank #Citibank #Commercial Bank of Ceylon #Deutsche Bank #DFCC Bank # Habib Bank #Hatton National Bank #Indian Bank #Indian Overseas Bank #MCB Bank #National Development Bank #Nations Trust Bank #Pan Asia Bank # People's Bank #Public Bank Berhad #Sampath Bank #Seylan Bank #Standard Chartered Bank #State Bank of India #The Hong Kong and Shanghai Banking Corporation (HSBC) #Union Bank of Colombo Source: Central Bank, March 2021 Licensed Specialised Banks # Housing Development Finance Corporation Bank of Sri Lanka (HDFC) # National Savings Bank #Regional Development Bank (Pradheshiya Sanwardhana Bank) # Sanasa Development Bank #Sri Lanka Savings Bank #State Mortgage and Investment Bank Source: Central Bank, September 2020 Licensed Finance Companies # Abans Finance # Alliance Finance Company # AMW Capital Leasing and Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Of Sri Lanka
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1967
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
