Central Bank’s mad rush to mandate credit: Shocking banks is not in accord with PM’s Social Market Economy 

Mandating credit allocation without fanfare

Monday, 13 February 2017

The Central Bank of Sri Lanka has, without fanfare or publicised press conferences, issued a one and a half page long circular to commercial banks urging them to maintain a minimum percentage of their total loans for six sectors identified as priorities in the said circular (available at: http://www.cbsl.gov.lk/pics_n_docs/09_lr/_docs/directions/bsd/BSD_2017/BSDCircularNo1of2017.pdf).

Central Bank’s mad rush to mandate credit Shocking banks is not in accord with PM’s Social Market Economy.... by Thavam Ratna on Scribd