Focus Merit

Tag: Sri Lanka

India, top sourcing market for Sri Lankan tourism

January 8, 2020

India continued to be the top sourcing market for Sri Lankan tourism with Indian tourists constituting maximum 19 per cent of total tourist arrivals to the island nation in 2019.

The latest data released by Sri Lankan Tourism revealed that 3,55,002 Indian tourists visited Sri Lanka last year against total arrival of around 1.91 million. Over 48 thousand Indians visited Sri Lanka during last month of December alone including over thousand by sea route.

India, United Kingdom, China, Germany and Australia were Sri Lanka’s top five international tourist generating markets last year. Sea beaches and religious places connected to Ramayana circuit remain the top attractions for Indian tourists.

Axis Bank and ICICI Bank to end their operations in Sri Lanka

January 8, 2020

The two Indian private sector lenders Axis Bank and ICICI Bank to close their operations in Sri Lanka after the Central Bank of Sri Lanka has permitted. The licenses issued by Central Bank of Sri Lanka will be cancelled once the winding-up operations are complete. The two banks are no longer to carry their banking operations, including accepting deposits from the public in Sri Lanka.