|
Lanka Pay
LankaPay (formerly LankaClear) national payment network of Sri Lanka which provides the central payment infrastructure to the country's financial sector. Established in April 1, 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country. Shareholders As at April 2025, below are the shareholders of LankaPay: CITS In May 2006, LankaPay launched the Cheque Imaging and Truncation System (CITS), a groundbreaking platform that facilitates the electronic presentment and clearance of cheque images. The introduction of CITS positioned Sri Lanka as the first country in South Asia and the second worldwide to implement such an advanced payment and settlement infrastructure, enabling nationwide cheque clearance on a T+1 basis where beneficiaries can encash a cheque on the next business day. Operating under the provisions of the Payment and Settlement Systems Act No. 28 of 2005, which outlines procedures for automated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Bank
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,002 employees, 5,901 branches with 5,268 ATMs and Cash deposit machines. Total business of the bank has touched as of 31 March 2025. The bank's information systems and security processes are certified to meet ISO27001:2013 standard. It has overseas branches in Colombo and Singapore including foreign currency banking units in Colombo and Jaffna. It has 227 overseas correspondent banks in 75 countries. Since 1969, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged on 1 April 2020, making Indian Bank the seventh largest bank in India. History Early formation and expansion In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis the city was ever to suffer. Of the three best-known British commercial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lankan Rupee
The Sri Lankan rupee (, ; Currency symbol, symbol: ₨ in English, රු in Sinhala, ௹ in Tamil; ISO 4217, ISO code: LKR), known until 1972 as the Ceylon rupee, is the currency of Sri Lanka. It is subdivided into 100 cent (currency), cents (, ), but cents are rarely seen in circulation due to their low value. It is issued by the Central Bank of Sri Lanka. The abbreviation ''Re'' (singular) and ''Rs'' (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee". History pound sterling, Sterling became Ceylon's official currency in 1825, replacing the Ceylonese rixdollar at a rate of £1 = rixdollars, and British silver coins were made legal tender. Treasury notes denominated in sterling were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831. The Indian rupee was made Ceylon's standard coin on 26 September 18 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bank Of Colombo
Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''Union'' (Union album), 1998 * ''Union'' (Chara album), 2007 * ''Union'' (Toni Childs album), 1988 * ''Union'' (Cuff the Duke album), 2012 * ''Union'' (Paradoxical Frog album), 2011 * ''Union'', a 2001 album by Puya * ''Union'', a 2001 album by Rasa * ''Union'' (Son Volt album), 2019 * ''Union'' (The Boxer Rebellion album), 2009 * ''Union'' (Yes album), 1991 * "Union" (Black Eyed Peas song), 2005 Other uses in arts and entertainment * ''Union'' (film), a labor documentary released in 2024 * ''Union'' (Star Wars), a Dark Horse comics limited series * Union, in the fictional Alliance–Union universe of C. J. Cherryh * ''Union (Horse with Two Discs)'', a bronze sculpture by Christopher Le Brun, 1999–2000 * The Union (Marvel Team), a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Habib Bank Limited
Habib Bank Limited (often abbreviated as HBL) is a Pakistani bank headquartered at Habib Bank Plaza, Karachi with regional offices in Lahore and Islamabad. It is a subsidiary of Swiss-based organisation Aga Khan Fund for Economic Development (AKFED). Established in 1941 by the Habib Family, it the oldest bank in Pakistan post-independence. In 1972, the bank moved its headquarters to the Habib Bank Plaza which was the tallest building in South Asia at the time. It was nationalised in 1974 by the Government of Pakistan and privatised it in 2004; at that time, the Aga Khan Fund for Economic Development acquired a controlling share and management control. AKFED maintains significant shareholding in HBL to date. HBL is the largest domestic multinational company in Pakistan in terms of assets, and has repeatedly ranked as the top Pakistani company in the Forbes Global 2000. As of 2025, HBL is the fourth largest bank in Pakistan by market capitalization and serves about 15% of all P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the List of largest employers in India, tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 50 crore customers. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Systemically important financial institution, Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". SBI is the List of largest banks, 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500, ''Fortune'' Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. In 2024, SBI was ranked 55th in Forbes Global 2000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amana Bank (Sri Lanka)
Amãna Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of retail banking, SME banking, corporate banking, treasury and trade finance services. The bank has a network of 33 branches, 20 self banking centres and 5,400+ ATM access points. It offers online banking, online account opening, VISA debit card with SMS alerts, 365 day banking, Saturday banking, extended banking hours, 24x7 cash deposit machines and banking units exclusively for women. Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange. Jeddah based IDB Group is the principal shareholder, with a 29.97% stake of thebBank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with a capital base of over US$150 billion which has a membership of 57 countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cargills Bank
Cargills Bank PLC is a licensed commercial bank in Sri Lanka. It received its license from Central Bank of Sri Lanka to operate domestic and offshore banking business on 21 January 2014 and was ceremonially opened on 30 June 2014. At present the bank consists of 17 branches island-wide with the head office based in Kollupitiya. IPO Cargills Bank announced its initial public offering on 30 November 2023. The bank intended to raise LKR500 million through the IPO. The IPO was oversubscribed on its opening day itself. The IPO was also the first by a commercial bank in a decade. See also * List of banks in Sri Lanka * List of companies listed on the Colombo Stock Exchange A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but ... References External links Official Website {{Portal bar, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of China
The Bank of China (BOC; ; Portuguese language, Portuguese: ''Banco da China'') is a state-owned Chinese Multinational corporation, multinational banking and financial services corporation headquartered in Beijing, Beijing, China. It is one of the "Big four banks, big four" banks in China. As of 31 December 2019, it was the second-largest lender in China overall and ninth-largest bank in the world by market capitalization value, and it is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board. As of the end of 2020, it was the List of largest banks, fourth-largest bank in the world in terms of total assets, ranked after the other three Chinese banks. The Bank of China was formed in 1912 by renaming the Qing dynasty's Da-Qing Bank (est. 1905) under the newly established Republican government. Until 1942, it issued banknotes on behalf of the government as one of the "Big Four" banks of the period, together with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Bank Berhad
Public Bank Berhad () is a bank based in Kuala Lumpur, Malaysia, offering financial services in Malaysia as well as the Asia-Pacific region. The bank was founded in 1966 by Teh Hong Piow, the then general manager of Maybank, Malayan Banking. The bank was listed on the Malaysian Stock Exchange in 1967. Public Bank is currently List of largest banks in Southeast Asia, one of the largest banks in Southeast Asia, with over RM 363.76 billion (US$91.26 billion) of assets and RM71.90 billion (US$18.04 billion) in market capitalization in 2015. Public Bank is the largest bank in Malaysia by shareholders' funds, second largest by market capitalization, just behind Maybank and third largest by total assets, behind Maybank and CIMB. Public Bank currently offers a comprehensive range of financial products and services which include personal banking, commercial banking, Islamic banking, investment banking, stockbroker, share broking, trustee services, nominee services, sale and managemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DFCC Bank
Overview Founded in 1955, DFCC Bank PLC is one of Sri Lanka's pioneering financial institutions. Listed on the Colombo Stock Exchange since 1956 and with nearly seven decades of banking expertise, DFCC Bank is one of the nation's most reliable and longstanding banks. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, DFCC Bank provides a comprehensive range of corporate, retail, and SME banking services alongside treasury, investment management, and international trade finance solutions. Financial performance DFCC Bank's strong financial performance and strategic acumen earned it the 8th position in the Business Today Top 40, with a notable 42.59% growth in top-line revenue for 2023/24. This success reflects the bank's prudent management of interest-bearing assets, a robust retail base, and an effective portfolio strategy. Demonstrating its leadership in sustainable finance and commitment to reducing environmental impact, DFCC Bank became the first Sri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank
Citibank, N.A. ("N. A." stands for "National bank (United States), National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation, multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branch (banking), branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. As of 2023, Citibank is the third-largest bank in the United States in terms of assets. History Founding 19th century The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became President of the bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
