Recently Central bank of srilanka making good decisions. Cancelled the TKS Finance’s license and expecting to do Sinhaputhra finance too.
After ETI Finance most are concern about putting Fixed deposit in Finance companies.
After 4 to 6 months TKS finance faced the similar problem. The Thing is that TKS Finance Got a Foreign management.
I am always telling that do not trust Finance companies fixed deposit rates. Always their rates are attractive but the very risky.
In Finance there is a term that High risk high return.
I always recommended to put your hard earned money to banks. Specially give priority to government banks.
There are three main Government banks in srilanka.
- Peoples Bank
- NSB Bank
- BOC Bank
NSB has the Best credit rating award in srilanka. When you have money you just give best priority to NSB Bank.
As per my research Sampath bank and Commercial bank is best for private sector banking.
Sinhaputhra Finance company is in trouble to fulfill the capital requirements.
The Finance PLC also seeking a Investor to upgrade thier operation.
3 Finance Companies now in trouble pay the customers.
- The Finance PLC
- TKS Finance
- Sinhaputhra Finance