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NSB issues statement claiming misinterpretation

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The National Savings Bank yesterday said that there had been a misinterpretation on NSB by a news item (not published in The Island) currently in circulation.

Full text of the statement: We have observed that there is a misinterpretation on National Savings Bank (NSB), amongst the public, of a news item, currently circulating pertaining to the Sri Lanka Savings Bank (SLSB).

We wish to clarify that SLSB is a fully owned subsidiary of NSB, and that the recent developments involve the proposed acquisition of SLSB with NSB, pursuant to a regulatory directive by the Central Bank of Sri Lanka (CBSL).

Further, the information in circulation regarding a Voluntary Retirement Scheme (VRS) and the termination of operations are solely related to the SLSB and not applicable to NSB.

We wish to emphasize that this decision does not have any impact on the stability of NSB.

We expect that this clarification addresses any confusion and wish to assure the continued strength and integrity of National Savings Bank.



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Indian Prime Minister Shri Narendra Modi arrives at the presidential secretariat

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Indian Prime Minister Shri Narendra Modi, who arrived in Sri Lanka on the invitation of President Anura Kumara Disanayake on Friday [04] night, visited the Presidential Secretariat this morning (05).

The Indian Prime Minister was warmly welcomed by President Anura Kumara Disanayake upon his arrival at the Presidential Secretariat.

Prime Minister Modi is currently on a state visit to Sri Lanka, reaffirming the theme  “Friendship of Centuries — Commitment to a Prosperous Future” which symbolises the longstanding ties between Sri Lanka and India. The Indian Premier is scheduled to remain in the country until tomorrow (06).

[PMD]

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Indian PM receives warm welcome

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President Anura Kumara Dissanayake welcomes Indian Prime Minister Narendra Modi at Independence Square this (05) morning

The official welcoming ceremony for Indian Prime Minister Narendra Modi, was held this morning (05) at the Independence Square in Colombo.

On arrival at the Independence Square the Indian Prime Minister was warmly welcomed by President Anura Kumara Disanayake.

 

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INS Sahyadri arrives at Port of Colombo

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The Indian Naval Ship (INS) Sahyadri arrived at the Port of Colombo on a formal visit on Friday [04 Apr 25]. The visiting ship was welcomed by the Sri Lanka Navy in compliance with naval traditions.

INS Sahyadri is a 143m long Frigate manned by a crew of 320 and the ship is commanded by Captain Rajat Kumar.

During their visit to the crew of INS Sahyadri will participate in events hosted by the Sri Lanka Navy, aimed to strengthen bilateral ties. They will also visit several tourist hotspots across the country.

Concluding the visit, INS Sahyadri is scheduled to set sail from Colombo on 07 Apr

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