News
NSB Hands Over the Annual Report 2025 to Honourable Treasury Secretary, embarking on a Vision of ‘Empowering Every Journey’
In a ceremony that underscored a steadfast commitment to fiscal transparency and national development, the National Savings Bank officially presented its Annual Report 2025 to Secretary to the Treasury, Dr. Harshana Suriyapperuma, at the Ministry of Finance on April 1.
The document was ceremonially handed over by NSB Chairman, Dr. Harsha Cabral PC, alongside the Actg. General Manager/CEO, Rohana Bandara Weerakoon. The occasion marked not merely a statutory formality but a significant milestone, reaffirming the Bank’s dedication to the principles of transparency, accountability, and sound financial governance.
Embodying the institution’s forward-looking vision, the Annual Report 2025 is themed “Empowering Every Journey.” This theme encapsulates NSB’s strategic evolution into a future-ready, digitally empowered financial institution, all while preserving the trusted legacy it has cultivated for over five decades in fostering a robust savings culture across the nation.
As a cornerstone of Sri Lanka’s state-owned financial sector, NSB has consistently played a pivotal role in mobilizing savings and directing vital funds toward national priorities. Since its establishment in 1972, the Bank has leveraged its extensive island-wide network to uphold a powerful mandate: promoting financial inclusion and security across every segment of society.
The Annual Report 2025 reflects a narrative of resilience and robust financial performance, building upon the significant momentum of recent years. This trajectory was underscored by an exceptional performance in 2025, with the NSB Group recording an Operating Profit before all Taxes of Rs. 59 billion, a testament to the Bank’s sustained growth and strengthened financial position. This is the highest ever profit made by NSB from its inception in 1972. This achievement follows a historic turnaround in 2024, where the Group delivered an Operating Profit before all Taxes exceeding Rs. 38 billion, together demonstrating a remarkable trajectory of enhanced operational efficiency and disciplined financial stewardship, all while maintaining a strong and stable deposit base that reinforces its status as the nation’s most trusted savings institution.
News
Record 1,600 students take Russian Classical Ballet examination in Sri Lanka
More than 1,600 students sat this year’s Russian Classical Ballet Examination, the largest number ever to take part in the examination in Sri Lanka. Exams were held in Colombo from 5, to 18, October and in Galle on 10 October.
Students aged four and above came from across the island, including Colombo, Galle, Gampaha, Negombo, Matara, Kelaniya, Panadura, Wattala, Kiribathgoda, Ratnapura, Kandy, Kurunegala, Bandarawela and Badulla. They are taught by 15 dedicated teachers trained in the Vaganova method, the renowned Russian system of classical ballet training.
They were examined by Dr. Oxana Karnovich of the Moscow State Academy of Choreography, a distinguished academic and curator.
The Russian School of Ballet and Dancing was established in 2001 by Michael Ustinov, Buddhapriya Ramanayake and Mrs Chandi Aluvihare, with Mrs Galina Pleshakova as its founding instructor. Today the School is led by Director Madam Maria Popova, Counsellor of the Embassy of the Russian Federation in Sri Lanka.

News
Buddhist hierarchy demands prison perks for monk convicts
MONETABRIEF– Sri Lanka’s two most senior Buddhist chapters, Malwatte and Asgiriya, demanded special concessions for monks serving prison sentences, following the disrobing of convicted monk Ven. Galagodaatte Gnanasara in line with established procedures.
The chief prelate of the Asgiriya chapter, Most Venerable Warakagoda Sri Gnanarathana, told Prisons Commissioner Senaka Palletenna that Ven. Gnanasara, who is serving a six-year sentence for contempt of court, must be released immediately.
Prison authorities have no power to release or pardon convicts, but Palletenna told the monk in Kandy on Friday that he would convey his request to the relevant government authorities.
“There is no point in talking about this and that… The entire country has been shaken (??????? ) . He must be released,” the Asgiriya chief prelate said.
The Malwatte chief prelate, Most Venerable Thibbatuwawe Sri Siddhartha Sumangala, appeared to accept the court verdict against Ven. Gnanasara, but asked the prisons chief whether a separate section could be established for convicted monks.
Palletenna noted that a special ward for the clergy already existed at Welikada Prison.
At least 63 convicted Buddhist monks are currently incarcerated within Sri Lanka’s criminal justice system.
Meanwhile, a group of 34 Buddhist monks named in a Colombo Fort Magistrate’s Court order to vacate the vicinity of the Presidential Secretariat ended their protest and dispersed after lunch on Friday.The monks are demanding an unconditional pardon for Ven. Gnanasara, who has previously been imprisoned, making him a reconvicted prisoner.
News
Debate on NCM against Speaker postponed indefinitely
The debate on the no-confidence motion against Speaker Dr. Jagath Wickramaratne, submitted by the Samagi Jana Balawegaya (SJB), has been postponed indefinitely pending the Attorney General’s opinion on certain technical issues in the motion.
Government representatives raised the matter at a meeting of the Committee on Parliamentary Business, pointing out that several provisions of the motion required clarification and that the Attorney General’s advice should be obtained.
As obtaining the opinion would take time, the debate could not be scheduled for the next parliamentary week, parliamentary sources said.
Chief Opposition Whip Gayantha Karunatilaka said a date for the debate would be decided after the Attorney General’s advice was received.
Meanwhile, Parliament is scheduled to meet from October 20 to 23, Secretary General of Parliament Kushani Rohanadeera announced.
The parliamentary business for the week was finalised at a meeting of the Committee on Parliamentary Business held on Friday (16) under the chairmanship of Deputy Speaker Dr. Rizvie Salih.
On each sitting day, the period from 9.30 a.m. to 10 a.m. will be allocated for parliamentary business under Items 1 to 6 of Standing Order 22. Questions for Oral Answers will be taken up from 10 a.m. to 11 a.m., followed by questions under Standing Order 27(2) from 11 a.m. to 11.30 a.m.
On Tuesday, October 20, an Opposition-sponsored Adjournment Motion will be debated from 11.30 a.m. to 5.30 p.m.
On Wednesday, October 21, a resolution under the Public Debt Management Act and a Supplementary Estimate will be taken up for debate and approval from 11.30 a.m. to 5 p.m. The annual reports of five statutory institutions will subsequently be presented for approval without debate, while questions at the Adjournment Time will be taken up from 5 p.m. to 5.30 p.m.
On Thursday, October 22, the Second Reading debates on two Bills to amend the Poisons, Opium and Dangerous Drugs Ordinance (Bills Nos. 79 and 80) will be held from 11.30 a.m. to 5 p.m.
The annual reports of five statutory institutions will then be taken up for approval without debate, followed by an Opposition-sponsored Adjournment Motion from 5 p.m. to 5.30 p.m.
On Friday, October 23, the Second Reading debate on the Elimination of Rabies and Registration of Dogs Bill will be held from 11.30 a.m. to 5 p.m. A Government-sponsored Adjournment Motion will be debated during the final half-hour of the sitting.
-
Latest News6 days agoNissanka’s return headlines Sri Lanka’s Test squad against Pakistan
-
Latest News7 days agoFarhan and Sadaqat help Pakistan seal series in style
-
Features7 days agoIntake 16: 45 years of duty and honour
-
News7 days agoMalwathu Chapter issues statement on talks with President over Gnanasara Thera’s robes
-
News7 days agoCP alleges NPP has taken the blame for illegal US sanctions on Iranian vessels
-
News5 days agoSri Lanka, India caught in US-Iran ship crisis
-
Opinion7 days agoHow long can Sri Lanka remain silent on its demographic crisis?
-
Latest News5 days agoKusal Mendis’ unbeaten 87 hands Sri Lanka consolation win
