Central Bank of Sri Lanka directs licensed banks to create Business Revival Units for economic recovery support.
Central Bank of Sri Lanka (CBSL) issued guidelines for licensed banks to establish Business Revival Units (BRUs) to support economic recovery. The aim is to assist both performing and non-performing borrowers, particularly those whose businesses have been adversely impacted by macroeconomic challenges. BRUs will help in reviving viable businesses and managing increased impaired assets of licensed banks.
April 03, 2024
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