INSUBCONTINENT EXCLUSIVE:
The State Minister of Finance, Ranjith Siyambalapitiya has requested the heads of state banks to consider the possibility of granting
financial relief for the entrepreneurs who have obtained loans while safeguarding the financial status of the banks.During a discussion held
entrepreneurs have been affected as a result of the increase of interest rates of the state banks in order to secure their
liquidity.Although the move is necessary for protecting the banking system of the country, it is also important to safeguard the
entrepreneurs of the country, he pointed out.Therefore, the state minister urged the state bank heads to look into the possibility of
granting the relevant relief in accord with the directives which have been issued by the Central Bank of Sri Lanka (CBSL).Minister Ranjith
Siyambalapitiya further requested the state banks to inform the Ministry of the procedures taken in this regard.
This article first appeared/also appeared in https://adaderana.lk
