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Contemplating the continued financial disaster, State Minister of Finance Ranjith Siambalapitiya requested the state financial institution heads to permit most concessionary interval to the entrepreneurs who’ve taken loans.
He instructed them to think about permitting concessions whereas defending the monetary situations of the banks.
Whereas participating in a dialogue on the ministry with the heads of state banks, he talked about that some entrepreneurs have been affected by the truth that banks have raised their rates of interest to guard liquidity.
The Minister mentioned that though essential measures ought to be taken to guard the banking system, it is usually extraordinarily essential to guard businessmen.
Due to this fact, he requested the heads of the banks to look into the potential for permitting related concessions following the rules laid down by the Central Financial institution of Sri Lanka (CBSL), and likewise requested the state banks to tell the Ministry concerning the steps taken on this regard.
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