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Banks alarmed by suspension of parate process at behest of a few individual defaulters – SLBA

Published in Money
Friday, 15 March 2024 07:40
Businesscafe - The unilateral decision by the government to suspend debt recovery via parate laws is a knee-jerk response to intense lobbying by a few individual defaulters that do not represent the wider business community, and will have a far-reaching negative impact on the banking sector, which functions as the heart and lifeblood of the econo...
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SLBA calls for government engagement to facilitate debt recovery process

Published in Money
Tuesday, 20 June 2023 04:57
Businesscafe - The Sri Lanka Banks Association (SLBA) has urged policymakers to engage with commercial banks via the Central Bank of Sri Lanka (CBSL) to ensure a comprehensive and well-coordinated approach to alleviating the stress felt by the industrialists in loan default, following the COVID-19 pandemic and the economic crisis. ...
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Sri Lanka Banks’ Association (Guarantee) Ltd Media Release on ‘Priority of Banking Sector Stability Being Re-affirmed’

Published in Money
Sunday, 07 May 2023 06:30
Businesscafe - The Sri Lanka Banks Association (Guarantee) Ltd (SLBA) is relieved to note that the apex regulator of the banking industry, the Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with the diverse stakeholders will be that, the banking sector...
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