Sri Lanka, July 10 -- S. Renganathan

This is part of the interview series titled 'Mirror Business S&P SL2- Insights' conducted in collaboration with the Colombo Stock Exchange (CSE). The interview features Commercial Bank of Ceylon PLC Managing Director S. Renganathan. Following are excerpts from the interview.

How has COVID-19 impacted the business operations of Commercial Bank and how has the bank responded to these impacts?

Being an economy which is heavily dependent on foreign inflows, the weakening of global economy due to the pandemic will also affect almost all key sectors. It is unavoidable that the banking sector as a financial intermediary to feel the strain of these negative economic conditions, given that most of the thrust...