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PM tells banks to go easy on borrowers
Prime Minister Mahinda Rajapaksa, who is also the Finance Minister, has told Sri Lanka’s bank chiefs to follow a lenient policy when giving out loans.
He also told the banks to follow a suitable method to assist those who cannot apply for loans due to their names being mentioned in the list of Credit Information Bureau (CRIB) for being a guarantor for a credit facility that has gone into arrears.
Banks were further told not to inconvenience the borrowers who were unable to pay their loans and those who apply for new loans.
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