Regulatory Alerts2021-12-22 | Circular No. 13 of 2021Deferment of Recovery Actions Against Borrowers Affected by COVID-19 Pandemic
The Central Bank of Sri Lanka directs licensed commercial and specialized banks to suspend all recovery actions, including parate execution and forced repossession of leased assets. This directive extends the general suspension period until 31 March 2022 and maintains existing moratorium deadlines of 30 June 2022 for tourism industry borrowers. The policy aims to alleviate financial pressures on businesses and individuals affected by the ongoing COVID-19 pandemic.
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