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Cargills Bank Gets a Breathing Room – CBSL's Balancing Act on Bank Regulation

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With an evolving financial scenario, Sri Lanka's banking sector is being led by the Central Bank of Sri Lanka (CBSL) with a firm but flexible fist. CBSL announced on 4th July 2025 that Cargills Bank PLC was to be granted an extension up to 2029 to reach the aimed LKR 20 billion minimum level of capital. The bank currently has LKR 11.89 billion, slightly greater than half the target level. Difference between the current level and the needed minimum level of capital of Cargills Bank                                                                                               In terms of regulation, this is a pragmatic step. Capital adequacy is perhaps the strongest tool in ensuring banking system stability, especially now that sudden...
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LankaPay gears up for a Fintech-driven future

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Imagine a busy supermarket in Sri Lanka. A customer scans a QR code and instantly completes a transaction. What goes on behind the scenes is a truly fascinating story. Financial infrastructure is embedded into our daily lives in a way we cannot imagine. One of the cornerstones of such advancements is financial technology, or ‘Fintech,’ as it is commonly referred to. The technology lies beneath the systems, frameworks, and institutions that keep money moving securely. The word ‘Fintech’ itself gains a lot of buzz in intelligent circles, but are we reaping the benefits properly beyond the hype?           Launch of Fintech Summit, Source: Daily Mail Financial infrastructure is the backbone of an efficient financial system. LankaPay was established to expand these tools and ensure that digital transactions happen with speed and security. The Fintech Forum Sri Lanka, a platform launched by LankaPay, held the Sri Lanka FinTech Summit Launch in June 2025. The CEO ...
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