Tag: Banks Not Planning Widespread Parate Proceedings

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Banks Not Planning Widespread Parate Proceedings, Assures Sri Lanka Banks’ Association

The Sri Lanka Banks’ Association (SLBA), the collective voice of all licensed commercial banks in the country, today moved to quell alarmist claims regarding widespread parate proceedings now that the grace period for loan repayments has concluded. The SLBA firmly stated that banks have no intention of launching a flood of parate actions, emphasizing that […]