Sri Lanka, July 3 -- The Central Bank of Sri Lanka revoked the finance business licence of Nation Lanka Finance PLC effective from today (3), marking the final stage of a resolution process that began in July 2025.

This decision followed persistent violations of the Finance Business Act and a failure to secure a viable path for the company's revival despite various attempts to attract investors or stable financial institutions.

The Sri Lanka Deposit Insurance Scheme will compensate insured depositors up to a maximum of Rs. 1,100,000 each. This measure covers the full amount for approximately 99.1% of depositors, while the remaining 0.9% will receive the maximum compensation as a partial settlement.

Depositors must submit claims within ...