Srilanka, Oct. 19 -- Sri Lanka's banking needs to keep pace with the rapidly changing global banking system by moving away from conventional banking if the banking system in the country is to be more robust, said Chairperson of Sarvodaya Development Finance PLC (SDF), Channa de Silva.

At a media briefing, a day prior to the Asia-Pacific Chapter Meeting 2025 in Colombo last week hosted by the Global Alliance for Banking on Values (GABV), he said it's time the country bids farewell to traditional banking systems and embrace modern banking adopted across the world.

"To get there the country needs a strong policy response with drastic and pragmatic policies that will drive the change," De Silva stressed, calling on the country to look at th...