Sri Lanka, May 26 -- Sri Lanka's banking sector has provided a collective and categorical assurance that it remains stable, resilient, and secure despite a few recent isolated incidents of financial fraud, emphasising that these developments do not pose a threat to the safety of customer deposits or the overall integrity of the financial system.

While acknowledging that such incidents have understandably generated some concerns, the industry has reiterated that it is addressing these matters comprehensively and that it is well equipped to manage and mitigate these challenges. This assurance was conveyed in a statement issued to the media by the Sri Lanka Banks' Association (SLBA), which represents all licensed commercial banks in the c...