gossip lanka

CB extends deadline for COVID-19 relief requests from NBFIs till Dec.10

The Central Bank of Sri Lanka ( CBSL) issued amendments to the circular No.11 of 2020 on debt moratorium for COVID- 19 effected businesses and individuals. Accordingly, the CBSL announced that the deadline for the submission of request by eligible borrower to avail the concession has been extended until 10 December 2020.

The Central Bank said, Non-Bank Financial Institutions ( NBFIs) are required to finalise the decision and communicate the decision (grant/deny) in writing to the applicant within 45 days of submitting the request. 

As a new requirement, the Central Bank has also stated that all chief executive officers and compliance officers are responsible to lay down the procedure to be followed in granting the relief measures and instruct the branch level staff accordingly.