Regulatory Alerts2020-05-06 | FAQ No. 2 of 2020Central Bank of Sri Lanka COVID-19 Relief Schemes - FAQs
The Central Bank of Sri Lanka issued this FAQ document to mandate debt moratoriums and financial concessions for eligible individuals, SMEs, and tourism or export-related businesses adversely affected by the pandemic. Borrowers must submit requests by 15 May 2020 to defer capital and interest payments effective from 25 March 2020, while licensed financial institutions suspend loan recoveries and waive penal charges during the concession period. The framework automatically extends repayment schedules for both performing and non-performing facilities without charging additional interest or late fees until 30 September 2020.
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