CDS and NDB Bank Launch Digital Dividend Payout System 📈

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has partnered with National Development Bank PLC (NDB) to digitize and streamline dividend disbursements for listed companies. • Strategic Partnership: Formalized via a service agreement to strengthen capital market infrastructure and enhance investor relations through automated cash management. • Disbursement Efficiency: The dedicated system enables seamless dividend processing via multiple channels, including: • Electronic funds transfers (Direct deposits) • Cheque processing • Customized disbursement methods • Key Benefits: Reduces payment delays and manual errors, ensuring quicker access to funds for shareholders. The move supports the banking and financial services sector's push toward a fully digital investment journey. • Market Context: Part of a broader CDS initiative to modernize the Sri Lankan capital market by evolving traditional registry services into technology-driven solutions.