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Searched Tag: retail banking

The Banking Laws (Amendment) Act, 2025, also provides for rationalisation of the tenure of directors, other than the Chairman and whole-time directors, in co-operative banks

New bank norms: Up to 4 nominees allowed per account holder

October 23, 2025, 06:05 PM - 4 min read

The finance ministry said the key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025, will come into effect from November 1, 2025

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The transaction is expected to reach completion in the first half of 2026

HSBC to wind up its retail banking services in Sri Lanka

September 24, 2025, 08:04 PM - 2 min read

Banking giant HSBC, one of Sri Lanka’s oldest foreign banks, is winding up its retail banking operations in the island nation by mid-2026, having entered into an agreement with the Nations Trust Bank, to whom it sold off its retail banking business

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