3 sources
Banks given guidelines on disaster relief
The Central Bank of Sri Lanka (CBSL) issued a new circular instructing all licensed banks to offer relief measures to individuals and bu
Summary
The circular stated that banks are directed to extend the following relief measures:Licensed banks may suspend the repayment of capital and/or interest of existing credit facilities of the affected borrowers, for a period of 3 to 6 months, on a case-by-case basis, based on the underlying risks, future repayment capacity and the viability of the borrower in the medium term in the post disaster environment.
What this story is about
Organisations
- Central Bank of Sri Lanka3
Places
- Sri Lanka3
Keywords
- businesses2
- affected2
- circular2
- disaster2
- relief2
- banks2
- cbsl2
- individuals
- instructing
- guidelines
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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CBSL issues circular directing banks to provide relief for disaster-affected businessesAda Derana