Colombo (Sri Lanka), March 25: Sri Lanka's central bank said on Thursday that the South Asian country's banking system is stable after speculations went around saying a state bank has defaulted.
"The Ministry of Finance and the central bank of Sri Lanka wish to assure the public and all other stakeholders that the banking system is stable and that operations of the state banks are being carried out smoothly, contrary to statements made otherwise," the central bank said in a statement.
The statement came after Member of Parliament Harsha de Silva from the political alliance of Samagi Jana Balawegaya (SJB) led by the opposition leader told parliament on the same day that there were reports saying a state bank has defaulted.
Source: Xinhua