Sri Lanka, Aug. 31 -- Chandana Guniyangoda assumed duties as the new Chairman of People's Bank on August 25, at a ceremony held at the Bank's Head Office.

The occasion was attended by the former Chairman People's Bank, Prof. Narada Fernando, members of the Board of Directors, People's Bank Chief Executive Officer/General Manager and members of the Bank's corporate management.

Guniyangoda's appointment marks a significant milestone in Sri Lanka's state-owned banking sector. He becomes the first Chairman of a state-owned licensed commercial bank to be appointed as an Independent Non-Executive Director under the strengthened governance framework introduced following Sri Lanka's IMF-supported reform programme.

The framework, developed thro...