Central Bank of Sri Lanka penalises Indian Bank
CHENNAI: The Central Bank of Sri Lanka - Financial Intelligence Unit has penalised state-owned Indian Bank for failing to conform to the provisions of the Financial Transactions Reporting Act, No.6 of 2006 (FTRA) of Sri Lanka.
In Sri Lanka, Indian Bank is operating with two branches in Colombo and Jaffna. "The bank and its branches in Sri Lanka have taken necessary preventive actions to avoid such recurrence in future," the bank further said.
However, Indian Bank did not respond to a questionnaire from TOI seeking details about the specifics such as the reason for the penalty.
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In Sri Lanka, Indian Bank is operating with two branches in Colombo and Jaffna. "The bank and its branches in Sri Lanka have taken necessary preventive actions to avoid such recurrence in future," the bank further said.
However, Indian Bank did not respond to a questionnaire from TOI seeking details about the specifics such as the reason for the penalty.
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