Sri Lanka, Dec. 6 -- The Central Bank of Sri Lanka (CBSL) issued a new circular instructing all licensed banks to offer relief measures to individuals and businesses whose revenue or operations were directly impacted by the current adverse conditions.

The circular stated that banks are directed to extend the following relief measures:

Licensed banks may suspend the repayment of capital and/or interest of existing credit facilities of the affected borrowers, for a period of 3 to 6 months, on a case-by-case basis, based on the underlying risks, future repayment capacity and the viability of the borrower in the medium term in the post disaster environment.

Licensed banks to grant new loan facilities to affected individuals and businesses...