Sri Lanka, March 27 -- "The banks are taking a very long time in this regard and this is not acceptable." He also said that banks have been told to start 'business recovery units' to assist enterprises that are in 'red' and help them to bounce back. "The World Bank too is supporting this initiative."

In addition commercial banks are also requested to start 'special corporate work out' schemes with companies that have taken extensive credit to help them to overcome this situation and restart their businesses again.

The Governor also said that he was not in favour of suspending the parate execution as it may have a negative impact on 'lending' of the banks. It is estimated that the total amount that comes under parate execution is around ...