According to education minister Dinesh Gunawardena, only President Gotabaya Rajapaksa and his elder brother, Prime Minister Mahinda Rajapaksa, will remain in their positions.
After the corporations announced a merger strategy on Monday, shares of HDFC Bank and HDFC soared 10% each in early trade.
The Australia-India Trade Agreement eliminates tariffs on more than 85 percent of Australia's goods exports to India, valued A$12.6 billion, with the percentage rising to nearly 91 percent over ten years.