3 State Banks on the verge of collapse – DEW Gunsekera shocks nation with exposure (Lanka-e-News- 23.Feb.2013, 11.30PM) Senior Minister DEW Gunasekera warned that three State banks are on the verge of collapse . The Minister made this comment when speaking at a workshop held to enlighten the Govt. officers on Parliamentary standing orders, at Wakwella , Galle recently. The Sri Lankan airlines service has defaulted loan payments after taking loans from the State Banks. At this rate , the Banks are bound to crash. These three Banks can only resurrect our economy , but they are on the contrary crashing , he lamented. Fiscal administration and discipline are vital for a country. But in SL in most areas these have been befouled. Why is this ? When appointing heads for Institutions they should be carefully chosen. Owing to the issues revolving around the Executive everything is in a muddle. It is the Parliament that should be responsible for Fiscal control. By saying this DEW Gunasekera indirectly aimed a barb at the almighty Executive. Lanka e news revealed that an American Bank - CitiBank is ceasing operations in SL and is leaving . Some time ago , Bank of America too closed business and left these shores. It has by now been confirmed that the Rajapakse family is securing confidential information from Banks of account holders’ details without the knowledge of the account holders and even without court orders. Consequently , Sri Lankans who are abroad have suspended their Bank deposits . Incidentally , the UNP Gen, Secretary , a few months ago disclosed that the Govt. is plunged in chaos and crises economically , and will not be able to go on for more than a few months clinging on to this economic muddle.