Sri Lankan cbank amends finance firm rules

SRI LANKA - Finance companies in Sri Lanka will now be allowed to accept deposits from the public for up to five years instead of three years, the Central Bank of Sri Lanka said in a statement on Apr 5, 2001.

The central bank said it had amended four regulations governing finance companies regarding deposits, lending, maintenance of liquid assets and share investments.

According to the new directives, a finance company will not be able to invest more than 25 percent of its capital funds in the