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Banking in Sri Lanka
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Banking in Sri Lanka : ウィキペディア英語版
Banking in Sri Lanka
The banking sector in Sri Lanka is monitored by the Bank Supervision Department of the Central Bank of Sri Lanka under the Banking Act,〔Banking Act No. 30 of 1988. http://www.cbsl.gov.lk/pics_n_docs/09_lr/_docs/acts/BankingAct30_1988.pdf〕 Monetary Law Act〔Monetary Law Act (MLA) No. 58 of 1949 (with amendments up to 2006). http://www.cbsl.gov.lk/pics_n_docs/09_lr/_docs/acts/mla_7th_rev_latest.pdf〕 and the Exchange Control Act.〔http://www.cbsl.gov.lk/htm/english/05_fss/f_2.html〕
Three types of financial institutions are permitted under Banking Act and the Finance Companies Act to operate in Sri Lanka by the Central Bank of Sri Lanka.〔List of Banking Institutions published by Central Bank of Sri Lanka on April 30, 2007. http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/notices/notice_20070430.pdf〕〔Institutions authorized by the Central Bank of Sri Lanka to take Deposits from the Public as at January 31, 2010. http://www.cbsl.gov.lk/pics_n_docs/01_home/images/list_bank_20100131e.pdf〕 They are
# Licensed Commercial Banks
# Registered Finance Companies
# Licensed Specialized Banks
These institutions can accept deposits from the public. The number of licensed specialized banks reduced from 14 to 9 and the number of registered financial institutions increased from 31 to 36 during the period of 2007 to 2010.〔List of Banking Institutions published by Central Bank of Sri Lanka on April 30, 2007. http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/notices/notice_20070430.pdf〕〔Institutions authorized by the Central Bank of Sri Lanka to take Deposits from the Public as at January 31, 2010. http://www.cbsl.gov.lk/pics_n_docs/01_home/images/list_bank_20100131e.pdf〕 The current list of banks in Sri Lanka is published by Central Bank of Sri Lanka periodically.
==Changes in the 1980s==
The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations.〔Remarkable 2010 for Sri Lankan banking industry. http://forum.srilankaequity.com/t2661-remarkable-2010-for-sri-lankan-banking-industry〕 Previously, few foreign banks operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC were using interactive electronic customer interfaces such as automated teller machines (ATMs). These facilities were limited to higher end customers.
In 1986, Sampath Bank opened, offering customers access to their account from any branch, instant money transfers within cities and access to automated teller machines (ATMs). Today, the entire banking sector in Sri Lanka offers the automated banking systems with ATMs for customers, for faster, and after-hour services. The working hours of the Sri Lankan banking sector have now changed from 8 hour, 5 days a week system to a 24/7 service. Telephone banking and internet banking〔Online Banking in Sri Lanka. http://banks-lk.blogspot.ca/〕〔Polularity of e-banking in Sri Lanka. http://archive.cmb.ac.lk/research/bitstream/70130/1618/1/10.pdf〕 facilities have become more popular added features of the banking industry with the growing popularity of modern telecommunication technology among Sri Lankans.
These changes helped some private sector banks to expand rapidly while increasing profitability; some banks have introduced new concepts such as "student banking centers"〔http://www.hnb.net/data/our_profile/our_history.php〕

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