In the recent past, after second wave of reforms program, finances of Sri Lanka assumed utmost importance and attracted the concentration of experts, analysts, policymakers and regulatory bodies. The country has initiated reforms process to overcome the poor position of its finances. The...

In a recent move, the Reserve Bank of India has approved the merger of IDBI (Industrial Development Bank of India) and IDBI Bank, which will happen in the month of October 2005. It is said that the merged entity would be the fifth largest bank in India after SBI (State Bank of India), ICICI...