Commercial bank sri lanka online banking

The Gotabaya Rajapaksa government needs an outside investor also because the country is dealing with a dire economic crisis Gotabaya Rajapaksa, once considered a "war hero" by the Sinhalese Buddhist majority for crushing the LTTE and ending the nearly 30-year civil war, is now detested by the same people who dramatically stormed his official residence over Sri Lanka's worst economic crisis following which he fled the country in the middle of the night. The 73-year-old politician and younger brother of former prime minister Mahinda Rajapaksa, is a former military officer who attended the counter-insurgency and jungle warfare school in Assam in 1980. He was the first person with a military background to be elected as Sri Lanka's President in 2019 with a huge mandate. His resignation comes days after thousands of protesters stormed his official residence, blaming him for the island nation's unprecedented economic turmoil since its independence from Britain in 1948. The … [Read more...] about Gotabaya Rajapaksa; A ‘war hero’ detested by his admirers over Sri Lanka’s worst economic crisis

Sri Lanka’s Supreme Court on Wednesday barred former prime minister Mahinda Rajapaksa, ex-finance minister Basil Rajapaksa and former Central Bank Governor Ajith Nivard Cabraal from leaving the crisis-hit country till August 2, extending an overseas travel ban that was imposed till July 28. The petition against them was filed by a group including former Chairman of the Ceylon Chamber of Commerce Chandra Jayaratne, former Sri Lanka swimming champion Julian Bolling, Jehan Kanagaratna and Transparency International Sri Lanka, according to news portal Colombo Gazette. The petitioners claimed that the three persons were directly responsible for the unsustainability of Sri Lanka’s foreign debt, its debt default and the current economic crisis. On July 15, Sri Lanka’s apex court had barred the trio from leaving the country till July 28, the report said. That ban has now been extended till August 2, it added. Earlier this month, Basil was prevented from leaving Sri Lanka following … [Read more...] about Sri Lanka’s Supreme Court extends overseas travel ban on Mahinda Rajapaksa brothers till Aug 2

Former Sri Lankan President Gotabaya Rajapaksa (Reuters) Sri Lanka’s former president Gotabaya Rajapaksa is not in hiding and is expected to return to the country from Singapore, Cabinet spokesman Bandula Gunawardena said on July 26. Rajapaksa, 73, fled Sri Lanka after the July 9 uprising when people broke into the President’s House after months of public protests against him for mishandling the country’s worst economic crisis since 1948. Rajapaksa first fled to the Maldives on July 13 and from there he proceeded to Singapore the next day. When asked about Rajapaksa at a weekly Cabinet media briefing, Cabinet Spokesman Gunawardena told reporters that the former president was not in hiding, and he is expected to return from Singapore. Gunawardena, who is also the Minister for Transport and Highways and Mass Media, said he does not believe the former president fled the country, and is in hiding. He, however, did not offer any other details of Rajapaksa’s possible return. … [Read more...] about Former president Gotabaya Rajapaksa to return to Sri Lanka from Singapore: Cabinet spokesman

After at least 40,000 people in Thailand were victims of online banking cyber fraud, the Cyber Crime Investigation Bureau is renewing talks over the safety of such online transactions. The losses recently incurred by those using online banking are thought to be over 10 million baht after hackers stole credit and debit card information. Kornchai Klayklueng, the commissioner of the CCIB, says the initial investigation revealed that hackers possibly used 3 channels to steal such information. The channels included: sending SMS to trick people into giving out their personal information, card holders who had linked their bank accounts with online applications, and stealing information from card holders making daily transactions at shops or gas stations. The Bank of Thailand and the Thai Bankers’ Association issued statements late on Sunday that their initial investigations pointed towards the mobile banking system as not being hacked. They also said banking applications were … [Read more...] about Cyber fraud case renews talks over the safety of online banking

The best real money online casinos in Australia should have all the top games, the most generous bonuses, and a sterling reputation. But with so many sites to choose from, how can you be sure the real money Australian casino you choose is up to scratch? Well, we’re here to help: These AU casino sites host thousands of immersive games (including the latest online pokies!) and promote generous bonuses that get you started on the right foot. You’ll also get to enjoy hassle-free payouts if you win real money thanks to their variety of banking options. Ricky Casino was our #1 pick overall, but we’ve got more casinos ready to compete for the throne. Sounds good? Let’s go. Top Real Money Online Casinos in Australia Ricky Casino: Best overall Hellspin: Best game variety Las Atlantis: Top pick for mobile Cloudbet: Best for sports betting Casino Rocket: Best bonuses 1. Ricky Casino – No. 1 Real Money Online Casino in Australia Overall Pros 3,000+ online … [Read more...] about Online Casinos in Australia for Real Money: Best Real Money Australian Casinos Online

The Makati Regional Trial Court dismissed for lack of jurisdiction the defamation suit filed by Yuchengco-led Rizal Commercial Banking Corp. (RCBC) against the Bank of Bangladesh in connection with the $81-million cyber heist in 2016. In an order dated June 30, the Makati Court dismissed the suit and demand for damages, saying it has no authority over the defendant, which it described as a “foreign public corporation not doing business in the Philippines.” The ruling explained there was no provision, both in the 1997 Rules of Civil Procedure and the 2019 Rules of Procedure, for summoning the Bank of Bangladesh. “The foregoing discussions inescapably lead to the conclusion that this court has no jurisdiction over the person of the defendant [Bangladesh Bank], nor will it ever have within the limits of the provisions of the present rules as regards summons and the service thereof,” the court said. RCBC and its sales director, Ismael Reyes, filed the defamation suit in 2019, … [Read more...] about Makati court junks RCBC defamation suit vs Bangladesh central bank

Representative image While the Reserve Bank of India’s lower interest rate regime is intended at supporting growth for industry facing a liquidity crisis, banks are still not fully transmitting the benefits of the rates to exporters and end-customers at large, exporters say. On April 7, the RBI’s Monetary Policy Committee voted to maintain the repo rate at 4 percent and reverse repo rate at 3.35 percent. The RBI has now kept the key interest rate (repo) unchanged for the fifth consecutive meeting. The last time the repo rate was changed was in May 2020, when it was cut from 4.40 per cent to 4 per cent. The Repo Rate is the rate at which commercial banks borrow short-term money from the RBI. The government has kept the repo rate low with the understanding that as a result of the lower cost of securing funds, banks will provide cheaper loans to citizens. Under the Reverse Repo Rate, banks deposit excess funds with the RBI and earn interest for it. However, arguing that the … [Read more...] about RBI repo announcement: Exporters say banks not passing on benefits of low interest rate to businesses

Depositors of scam-hit Karavannur Cooperative Bank are a shattered lot. Mostly working-class people who had their life savings parked in the Kerala-based lender, they are scrambling to meet their daily needs and other expenses like medical emergencies. The depositor distress was highlighted when 70-year-old retired government nurse, Philomina Devassy, died due to a lack of specialised treatment following an infection in her eye and brain. Devassy reportedly had her life savings of Rs 28 lakh with Karavannur Cooperative Bank, which she could not access, the deceased’s family has alleged. Devassy’s relatives staged a protest in front of the bank on July 27 with her dead body, according to media reports. Devassy is not the only victim; there are multiple others. For instance, 57-year-old Sunitha, an unmarried housemaid who reportedly goes by only one name, had saved Rs 1.5 lakh in the bank. All her money is now stuck, while she struggles to fend for her ailing parents. … [Read more...] about India’s cooperative mess | No relief in sight for Karavannur Cooperative Bank’s depositors

Promotional image from Toss Bank announcing Viva Republica's acquisition of Merchant Korea [VIVA REPUBLICA] Banks are getting into the mobile phone business in order to harvest more data from customers and keep customers on their apps. They are entering telecommunications as mobile virtual network operators (MVNO), which lease capacity from carriers and offer discounted telecommunications services. Traditional banks and internet-only banks are getting into the game. "The data we can get as a financial company and the data we can obtain from offering telecommunications services are different," said Hur Woong, a spokesperson for KB Kookmin Bank. "KB aims to offer more sophisticated financial products based on the collected mobile usage data." Viva Republica, operator of internet-only Toss Bank, announced on July 21 it signed a deal to acquire Merchant Korea, an MVNO, for 300 billion won ($230 million). KB Kookmin Bank started Liiv M with LG U+ in 2019. It is also working … [Read more...] about In Korea, banks are getting into the phone business

Quek's Hong Leong Bank stake seen as attractive despite premium valuation - A + A Tan Sri Quek Leng Chan (Photo by Bloomberg) KUALA LUMPUR (Aug 10): Hong Leong Bank Bhd chairman Tan Sri Quek Leng Chan's reported attempt to pare down his controlling stake in the bank may not be an easy task, given the size of his shareholding and the premium valuation, whose share price is hovering near the historic high of RM21.20 it reached in May. Hong Leong Bank, with a market capitalisation of RM45.26 billion, is a screaming buy among analysts tracking the banking stock because of its attractive return-on-equity (ROE) and asset quality. There is not a single sell call on Hong Leong Bank. Nonetheless, this raises the question whether its rivals will pay a premium for it? Quek controls 62% of Hong Leong Bank via Hong Leong Financial Group Bhd (HLFG), which is way above the 10% limit that any individual is allowed to hold in a financial institution, according to the … [Read more...] about Hong Leong Bank seen as attractive but are there any buyers?