On Sep. 11, SRI CB issued circular re number of members of board.
SRI CB issued circular on Minimum number of members of board of directors of selected licensed banks; set specific minimum requirements for 4 different banks.
Board of directors for Bank of Ceylon, People's Bank, National Savings Bank, Pradeshiya Sanwardhana Bank must have minimum of 9 or 10 members, up to 13.
Effectiveness
The banks are required to comply with these requirements by Jun. 1, 2025.
