HDFC, RDB and SMIB to be merged
The Governor of Central Bank of Sri Lanka, W. D. Lakshman stated that the State Mortgage and Investment Bank (SMIB), the Housing Development Finance Corporation (HDFC) and the Regional Development Bank (RDB) will be combined to form the proposed National Development Bank Corporation (NDBC).
He stated this during the launch of the Monetary and Financial Policy for the year 2021.
The Central Bank will work closely with the Government to facilitate the establishment of the proposed National Development Bank Corporation (NDBC).
It will also usher in a new era of development banking in Sri Lanka, he added