The Central Bank of Sri Lanka (CBSL) has instructed all licensed banks to grant relief to individuals and businesses affected by recent cyclonic and flood disasters. The directive, issued through Circular No. 04 of 2025, aims to support recovery while maintaining financial system stability. Banks have been asked to accept written or electronic requests for relief by 15 January 2026. Measures include a 3–6 month suspension of capital and interest repayments on existing loans, with interest capped at the contracted rate and no additional interest on deferred amounts. They are also required to extend new loan facilities based on borrowers’…
Central Bank directs banks to grant relief for disaster-hit borrowers
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth