Kavan Ratnayaka resigns as BOC Chairman

24 September 2024 04:20 am Views - {{hitsCtrl.values.hits}} 9 Bookmark

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Kavan Ratnayaka

State-owned Bank of Ceylon (BOC) yesterday saw its Chairman Kavan Ratnayaka stepping down from his position.

In a disclosure to the Colombo Stock Exchange yesterday, BOC said that Ratnayaka has resigned as Independent, Non-Executive Chairman of the bank, with effect from September 22.

He was appointed as BOC chief in March 2024.

Comments - 9

Gune Tuesday, 24 September 2024 08:10 AM

Let them go. Appoint capable and highly skilled people to run these institutions. Irrespective of whether an institution is State or private, such institutions should not be run at a loss. Only areas government should step in with public funds are the ones where there is a market failure, such as in education and health. The country must be run efficiently and in a business like manner. The way NPP rang its election campaign shows they are capable of running things.

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siva Tuesday, 24 September 2024 08:31 AM

This is Sagala Ratnayakas brother

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Bushel Tuesday, 24 September 2024 09:43 AM

One election pledge done

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BanduXX Tuesday, 24 September 2024 10:30 AM

It is not correct to say that only areas government should step in with public funds are the ones where there is a market failure. All commercial private benks can be left alone but govt should open development banks with govt capital to give loans to SMEs at lower interest rates. Ealier we had DFCC and NDB but both now privatised commercial banks.

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Guppi Tuesday, 24 September 2024 10:55 AM

Hold him for accountability for erasing big debts owed to the bank by politicians!

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kumari. sen Wednesday, 25 September 2024 05:05 AM

Agree. This is an important action for the incoming government to warn future appointees to important institutions that they will be held responsible for any corrupt actions.

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Rajan V Pillai Tuesday, 24 September 2024 11:04 AM

During his short tenure, political interference to Promotions to Higher Management was alleged to have taken place. The service of the CEO was arbitrarily obtained after him passing the retirement age. These are the causes for the downfall of RW. Every action has a reaction

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Abd Tuesday, 24 September 2024 11:30 AM

Debtors,who align to powerful politicians and political parties,defaulted billions of rupees, should have to pay back or if not,forcibly acquire their assets to cover up the loss, this is election Champaign promise and new government can attend to it within first week

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sss Tuesday, 24 September 2024 03:10 PM

prosecute and recover trillions of rupees stolen from banks on the pretest on taking loans, Mr. Ranjan Ramanayake raised this in parliament in the past and both parties stood as one to reject it. He was sent to prison for being such a "nuisance"

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