- Banking regulator directs temporary suspension of loan repayments for 3 to 6 months
- New loans to carry capped interest rates at 9% and grace periods for repayment
- Banks told to waive penalties and refund automated charges
- Banks must give written reasons for any rejection, inform borrowers of right to appeal to CBSL’s Financial Consumer Relations Department
- Instructs banks not to reject new loan applications solely due to adverse CRIB records
- In first nine months of 2025, private sector borrowing had increased by 22% to Rs. 1.36 t
The Central Bank of Sri Lanka (CBSL) as the regulator has directed all licenced banks to implement a series of relief measures for individuals and businesses whose…