News
A new General Manager CEO for NSB
Ms. Shashi Kandambi, a leading professional in the banking sector, has assumed office as the 19th General Manager/CEO of National Savings Bank (NSB) on 10th January 2024.
Ms. Kandambi was the Senior Deputy General Manager of International Banking at Sampath Bank, where she had a long-standing and successful career. Her banking experience spans over 35 years including 10 years in Corporate Management. She has a proven track record of successfully developing and executing strategic plans, managing financial resources, risk mitigation, and maintaining strict corporate governance standards.
She also has expertise in customer focus, innovation and technology, regulatory compliance, and crisis management. The positions held by her at Sampath Bank include Senior Deputy General Manager – Corporate Banking, and Deputy General Manager – Credit.
She holds an MBA from the Post Graduate Institute of Management, University of Sri Jayewardenepura, a Post-graduate Diploma in Business and Finance from CA Sri Lanka, and a Diploma in Banking from the Institute of Bankers Sri Lanka. She is a director of the Institute of Bankers SL. She is also a past President of the Association of Professional Banks, Sri Lanka.
A simple ceremony was held at the Bank to mark the occasion. Bestowing religious blessings, Chief incumbent of Bambalapitiya Vajiraramaya and Anunayake of Amarapura Sri Dhammarakshitha Nikaya, Most Ven. Thrikunamale Ananda Thero emphasized that the concept of saving, and thrift is significant to empower the country as well as the individuals financially, and National Savings Bank, which carries the mandate of inculcating the habit of saving, since its inception, immensely contributes towards ensuring the financial security of the nation. Most Ven. Thrikunamale Ananda Thero further observed that Ms. Kandambi, as the New General Manager/CEO of National Savings Bank, will strengthen its mission of bringing the population under the savings net.
Addressing the gathering, the Chairperson of the Bank, Dr. Harsha Cabraal PC, reminded us that as a Bank and individuals, we have tread upon a difficult path and now reached the year, 2024, passing yet another year full of challenges, grievances, and hardships.
The employees of the Bank have been the pillar of strength behind the Bank’s resilience and success. Dr. Cabraal warmly welcomed Ms.Kandambi to the NSB family and invited to join hands with the excellent team of employees to take the Bank to greater heights.
Ms. Shashi Kandambi, as the new General Manager/CEO, addressed the gathering and noted that NSB, having more than 4000 service points can achieve a competitive edge, by maintaining the human connection in the service offered by the Bank, while ensuring that the technology is in the forefront of our strategy. She guaranteed her strong commitment and will towards steering the Bank amidst challenges to realize corporate goals. Members of the Board of Directors, Corporate and Executive Management of the Bank, and representatives of the trade unions were present at the event.
Latest News
Free 14 day visa extension for visitors unable to depart Sri Lanka
The Department of Immigration and Emmigration has decided effective from 28th February 2026, to grant a free fourteen (14) day visa extension to all tourists who are unable to leave Sri Lanka due to flight cancellations. 
News
Maldives Coast Guard Ship Huravee arrives in Colombo
The Maldives Coast Guard Ship Huravee arrived at the Port of Colombo for replenishment purposes on 02 Mar 26. The visiting ship was welcomed by the Sri Lanka Navy (SLN) in compliance with time-honoured naval traditions.
The ship is a 48.9m long Offshore Patrol Vessel which is commanded by Lieutenant Colonel Ahmed Nafiu Mohamed.
Meanwhile, the ship’s crew is scheduled to visit several tourist attractions in the city of Colombo, during their stay in the island.
News
AKD warns of far reaching economic consequences of Middle East war
President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.
Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.
“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”
He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.
A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.
Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.
While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.
The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.
“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.
Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.
Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.
Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.
Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.
“Because of this, there is no crisis regarding oil,” the President assured Parliament.
-
Opinion5 days agoJamming and re-setting the world: What is the role of Donald Trump?
-
Features5 days agoAn innocent bystander or a passive onlooker?
-
Features2 days agoBrilliant Navy officer no more
-
Features6 days agoRatmalana Airport: The Truth, The Whole Truth, And Nothing But The Truth
-
Opinion2 days agoSri Lanka – world’s worst facilities for cricket fans
-
Business6 days agoIRCSL transforms Sri Lanka’s insurance industry with first-ever Centralized Insurance Data Repository
-
Business5 days agoAn efficacious strategy to boost exports of Sri Lanka in medium term
-
Features3 days agoOverseas visits to drum up foreign assistance for Sri Lanka
