Regulatory Alerts2020-04-28 | Circular No. 6 of 2020Amendment to Circulars No. 4 and 5 of 2020
The Central Bank of Sri Lanka issued amendments to Circulars No. 4 and 5 of 2020 to extend critical COVID-19 relief provisions for businesses and individuals. Licensed banks must now extend the validity period of cheques under Rs. 500,000 until 15 May 2020 as mandated by the revised Circular No. 4. Eligible borrowers are also granted an extended deadline of 15 May 2020 to submit requests for concessions under the Rs. 50 billion six-month re-financing facility outlined in Circular No. 5.
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