Regulatory Alerts2021-06-09 | Circular No. 6 of 2021Concessions for COVID-19 Affected Businesses and Individuals
Issued by the Central Bank of Sri Lanka, this circular requires licensed non-banking financial institutions to extend loan deferment, restructuring, and fee waivers to borrowers impacted by the third COVID-19 wave. Eligible customers may defer capital and interest payments or reschedule non-performing facilities until August 2021, with penal interest waived and late payment fees suspended through June. Institutions must submit monthly concession reports, ensure credit bureau records remain unaffected, and accept written requests until mid-July to ease repayment burdens without compromising future credit scores.
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