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Financial Intermediary   

What is a Financial Intermediary?
A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment banks, mutual funds and pension funds. Financial intermediaries offer a number of benefits to the average consumer, including safety, liquidity, and economies of scale involved in commercial banking, investment banking and asset management. Although in certain areas, such as investing, advances in technology threaten to eliminate the financial intermediary, disinter mediation is much less of a threat in other areas of finance, including banking and insurance.


Benefits of Financial Intermediaries
Through a financial intermediary, savers can pool their funds, enabling them to make large investments, which in turn benefit the entity in which they are investing. At the same time, financial intermediaries pool risk by spreading funds across a diverse range of investments and loans. Loans benefit households and countries by enabling them to spend more money than they have at the current time.

Licensed Commercial Banks
1. Amana Bank Ltd
2. Axis Bank Ltd
3. Bank of Ceylon
4. Cargills Bank Ltd
5. Citibank, N.A
6. Commercial Bank of Ceylon PLC
7. Deutsche Bank AG
8. DFCC Vardhana Bank PLC
9. Habib Bank Ltd
10. Hatton National Bank PLC
11. ICICI Bank Ltd
12. Indian Bank
13. Indian Overseas Bank
14. MCB Bank Ltd
15. National Development Bank PI C
16. Nations Trust Bank PLC
17. Pan Asia Banking Corporation PLC
18. People’s Bank
19. Public Bank Berhad
20. Sampath Bank PLC
21. Seylan Bank PLC
22. Standard Chartered Bank
23. State Bank of India
 24.Hongkong & Shanghai Banking Corporation Ltd
 25. Union Bank of Colombo PLC
Licensed Specialized Banks
1. DFCC Bank
2. Housing Development Finance Corporation Bank of Sri Lanka
3. Lankaputra Development Bank Ltd
4. MBSL Savings Bank Ltd
5. National Savings Bank
6. Pradeshiya Sanwardhana Bank
7. Sanasa Development Bank PLC
8. Sri Lanka Savings Bank Ltd
9. State Mortgage & Investment Bank

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