Sri Lanka, April 3 -- In what could be termed as the most blunt message issued so far, the Central Bank Governor Prof. W.D. Lakshman today asked banks to pass on the announced relief measures to their customers forthwith or face legal action.
?During the last two weeks, the Monetary Board and the Central Bank announced a slew of relief measures for borrowers-both businesses and individuals-whose businesses and incomes have been affected by the disruptions caused by the spread of COVID-19.
The Monetary Board last week announced a Rs.50 billion relief package for small businesses, individuals and self-employed and requested all banks and finance companies to participate in the package to provide relief to the affected segments.
However, Mi...