Banking in the new normal

While there has been calls for an extension, the central bank has said that banks are not expected to extend the period but the banking sector will continue to offer targeted financial assistance in the form of restructuring and rescheduling to borrowers who continue to face repayment issues.

ONE of the measures to provide some sort of relief for borrowers amid the onslaught of the Covid-19 pandemic has been the loan repayment moratorium given by the government to borrowers for a period of six months.

While there has been calls for an extension, the central bank has said that banks are not expected to extend the period but the banking sector will continue to offer targeted financial assistance in the form of restructuring and rescheduling to borrowers who continue to face repayment issues.