News
NSB’s GM/CEO Shashi Kandambi wins Business Leader of the Year Award
The National Savings Bank (NSB) Friday announced that the General Manager/Chief Executive Officer, Sharmila Shashi Prabha Kandambi Jassim, has been awarded the prestigious Business Leader of the Year 2025 (Gold) at the CIMA–JXG Pinnacle Awards, held recently at Cinnamon Life, Colombo.
Organized jointly by the Chartered Institute of Management Accountants (CIMA), Janashakthi Group (JXG), and AICPA & CIMA Sri Lanka, the event brought together over 250 leaders, professionals, and visionaries from across the country to recognize leadership excellence and strategic innovation in Sri Lanka’s corporate and public sectors.
Shashi Kandambi was recognized for her outstanding contributions towards public sector leadership, her transformative role at NSB, and her dedication to purpose-driven banking that extends beyond profit to national impact. The independent judging panel, chaired by the former Chairman of the Securities and Exchange Commission (SEC), Mr. Faizal Salieh, commended her for driving significant growth, ethical governance, and modernization within one of the country’s most vital state financial institutions.
Shashi Kandambi has over 35 years of experience in the banking and financial services sector, with a portfolio that includes international banking, financial risk, retail development, and institutional strategy. She currently serves as the General Manager/CEO of the National Savings Bank and has been instrumental in driving NSB’s digital evolution and policy alignment with national development goals. She is widely recognized for her integrity, humility, and vision—and is a strong advocate for building resilient, inclusive, and future-ready institutions.
Her recognition at the awards ceremony is not only a personal milestone but also a symbol of excellence for Sri Lanka’s public institutions, proving that visionary, ethical, and strategic leadership can thrive in the state sector.
Since her appointment as the General Manager/CEO, Shashi Kandambi has guided the National Savings Bank through a transformative period marked by rapid digital innovation and cultural renewal. Her leadership has redefined the Bank’s strategic direction, aligning operational goals with national priorities and customer needs. In 2024, NSB recorded a remarkable 516% surge in Profit Before Tax (PBT), reaching Rs. 26.4 billion, a testament to prudent decision-making, disciplined financial stewardship, and strategic adaptability. This exceptional financial performance was reflected in substantial improvements across a wide array of key performance indicators, reinforcing the Bank’s position as a pillar of stability and growth.
Demonstrating its enduring commitment to national development, NSB contributed Rs. 19.5 billion in taxes and levies during the year, affirming its integral role as a state-owned institution in supporting the country’s fiscal framework. These outstanding results are a direct reflection of the Bank’s visionary leadership and its steadfast dedication to generating sustainable value for the nation and its people.
Kandambi has also championed a people-centric approach to banking, expanding rural outreach, improving digital accessibility, and promoting inclusive financial practices. Through these efforts, NSB has not only modernized its service delivery but has also deepened its engagement with communities across Sri Lanka.
Accepting the award, Kandambi reaffirmed her commitment to institutional integrity, stakeholder trust, and service-oriented leadership. She highlighted the role of leaders in cultivating new talent, embracing change, and balancing innovation with deep-rooted ethics.
“Leadership is not about position or power—it is about responsibility. We must lead with empathy, act with integrity, and build institutions that will outlast us,” she noted during her acceptance. She also emphasized her strong belief in the collective strength of her team at NSB, “This award is not mine alone—it belongs to the dedicated teams at NSB, whose commitment, resilience, and unwavering focus have made this achievement possible. It also belongs to the people of Sri Lanka who inspire us every day to serve better and strive higher. Together, we have proven that excellence in public service is not only possible—it is powerful.”
News
Prime Minister meets delegation from the European External Action Service
Prime Minister Dr. Harini Amarasuriya met with the representatives of the European External Action Service [EEAS] on Tuesdqy [10 th February] at the Prime Minister’s office.
Welcoming the delegation from the European External Action Service (EEAS), the Prime Minister emphasized the importance of further strengthening and deepening the long-standing partnership between Sri Lanka and the European Union, noting the role of the European Union as a key development and economic partner.
The Prime Minister also expressed appreciation for the timely assistance extended by the European Union to Sri Lanka in response to the recent cyclone, highlighting the EU’s continued solidarity and support during times of need.
Attention was drawn to the need to expand economic cooperation between Sri Lanka and the European Union. The Prime Minister underscored the importance of undertaking necessary legislative and policy reforms to facilitate enhanced economic engagement, trade, and investment.
The delegation was briefed on the ongoing initiatives and reforms being implemented by the new Government aimed at strengthening economic stability, governance, and creating a conducive environment for sustainable growth and international cooperation.
The meeting was attended by the Acting Managing Director for Asia and the Pacific in the European External Action Service, EU co-chair of the Joint Commission, Ms. Paola Pampaloni; EU Ambassador, Head of EU Delegation Ms. Carmen Moreno and the representatives of European External Action Services and Delegation of the European Union, and Additional Secretary to the Prime Minister, Ms. Sagarika Bogahawatta and the officials from the Ministry of Foreign Affairs, Foreign Employment, Tourism Sri Lanka.

[Prime Minister’s Media Division]
Business
Newly appointed ADB Country Director to Sri Lanka and delegation meet PM
The newly appointed Country Director of the Asian Development Bank for Sri Lanka Ms Shannon Cowlin and the accompanying delegation met with Prime Minister Dr. Harini Amarasuriya on Tuesday [0th of February] at the Prime Minister’s office.
Welcoming the delegation, the Prime Minister extended congratulations to the newly appointed Country Director and acknowledged the long-standing partnership with the Asian Development Bank. The Prime Minister also expressed appreciation for ADB Bank’s continued engagement and support aligned with Sri Lanka’s national development priorities.
The Prime Minister also conveyed gratitude for the timely assistance extended by the ADB in response to Cyclone Ditwah, noting the importance of such support in mitigating the immediate impacts of natural disasters.
The ADB delegation reiterated its readiness to further assist Sri Lanka during the post-cyclone recovery phase, including rebuilding and reconstruction efforts, and emphasized its commitment to the supporting the education sector.
The meeting was attended by OIC / Deputy Director General, SARD Ms. Sona Shrestha, Ms. Cholpon Mambetova Country Operations Head of ADB Sri Lanka Mission Resident, Additional Secretary to the Prime Minister Ms. Sagarika Bogahawatta, Director General of the External Resource Department, Ministry of Finance Samantha Bandara, Director for ADB Division in External Resource Department, Ministry of Finance Ranjith Gurusinghe.
[Prime Minister’s Media Division]
News
School student transport services are being regulated
A discussion on regulating school student transport services was held on the 09th of February at the Prime Minister’s Office under the patronage of Prime Minister Dr. Harini Amarasuriya, with the participation of officials from the National Transport Commission and the Ministry of Education.
The authority for regulating school student transport has been vested with the National Transport Commission, and as the relevant draft of regulations have already been prepared, discussions were held on the provisions contained in these drafts as well as on new proposals that should be incorporated.
During the discussion, the attention was focused on meeting the emerging needs of transportation arising from the schools, minimizing issues encountered in the transportation of school students by establishing an organized transport mechanism, and deploying the “Sisu Sariya” school transport service in a more efficient and effective manner followed by the new educational reforms process.
Discussions were also held on introducing laws and regulations to systematize the transportation of schoolchildren, prioritizing child protection by preventing reported incidents of abuse and harassment during student transport, and enhancing professionalism among school transport service providers to ensure a responsible and accountable service.
The focus was also emphasized on the need for coordinated action among the Ministry of Transport, Highways and Urban Development, the National Transport Commission, the Ministry of Education, Higher Education and Vocational Education, and the National Child Protection Authority.
The discussion was attended by the Minister of Transport, Highways and Urban Development Bimal Rathnayake, Chairman of the National Transport Commission P. A. Chandrapala, officials of the National Transport Commission, and the officials from the Ministry of Education, Higher Education and Vocational Education.
[Prime Minister’s Media Division]
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