Licensed Commercial Bank definition

Licensed Commercial Bank means a licensed commercial bank within the meaning of the Banking Act, No. 30 of 1988 ;

Licensed Commercial Bank means a bank licensed under the Banking Act No. 30 of 1988 as amended from time to time to carry on banking business as defined in that Act.

Licensed Commercial Bank means a Licensed Commercial Bank within the

Examples of Licensed Commercial Bank in a sentence

• Assessment will be done by the STP through a third party identified by MSSDS and the certification shall be done by GUILD/ SSC aligned to NSQF.

• Such Performance Guarantee shall be in the form of a Bank Guarantee issued in favor of the Central Bank of Sri Lanka obtained from a Licensed Commercial Bank operating in Sri Lanka and forwarded to the Secretary of the CBSL.A successful tenderer who fails to furnish the required Performance Guarantee as specified above shall be deemed to be disinterested in accepting the award, and the Bid Guarantee shall be forfeited.

• Payments for Applications for values above and inclusive of Rupees One Hundred Million (LKR 100,000,000/-) will be permitted to submit multiple Bank guarantees issued by Licensed Commercial Banks in Sri Lanka, multiple bank drafts drawn upon any Licensed Commercial Bank operating in Sri Lanka, or a single RTGS transfer directed through any Licensed Commercial Bank operating in Sri Lanka, each of which should be for values on the date of opening of the Issue.

• Pan Asia Banking Corporation PLC commenced its operations on 6th March 1995 as a Licensed Commercial Bank and a public limited liability company under the name “Pan Asia Bank Limited”.

• The successful tenderer is required to furnish a Performance Bond supported by guarantee from a Licensed Commercial Bank operating in Sri Lanka up to maximum of 5% value (CIF) of the supply.

More Definitions of Licensed Commercial Bank

Licensed Commercial Bank means a bank licensed under subsection (4) of section 2 of the Banking Act, No. 30 of 1988;

Licensed Commercial Bank means a company or a body corporate licensed under Part I of the Banking Act, No. 30 of 1988 to carry on banking business in Sri Lanka;

Licensed Commercial Bank means a licensed commercial bank, to which a licence in terms of section 5 of the Banking Act, No. 30 of 1988 has been issued by the Monetary Board with the approval of the Minister assigned the subject of Finance;

Licensed Commercial Bank means a Licensed Commercial Bank within the meaning of Banking

Licensed Commercial Bank means a commercial bank licensed or deemed to be licensed as a licensed commercial bank under the Banking Act, No. 30 of 1988;

Licensed Commercial Bank means a company or bank, licensed to carry on the business of a licensed commercial bank in terms of the Banking Act, No.30 of 1988;

Licensed Commercial Bank means a public company licensed to carry on banking business under the Banking Act, No.30 of 1988;