On a request by the Pan Asia Bank Banking Corporation PLC, the Central Bank of Sri Lanka (CBSL) has extended the time period for the ban to comply with the CBSL’s minimum capital requirement.

The CBSL’s Monetary Board has extended the time period as Rs. 05 billion by 01 January, 2016, Rs. 7.5 billion by 01 January, 2017 and Rs. 10 billion by 01 January, 2018.