• SRI CB issued amendments to banking act directions No.1 of 2007 on ownership of issued capital carrying voting rights for licensed commercial banks.

Ownership of Shares

• Board may give permission to categories of shareholders to acquire A material interest up to 15% of the issued capital carrying voting rights in a licensed commercial bank.
• Multilateral financial organisations, as approved by the monetary board, such as World Bank, Asian Development Bank, may acquire a material interest not exceeding 20%.
• On condition the interest is reduced to 15% in period of 10 years from date stipulated.