Borrowers will not be considered in default if they repay 25 percent of their loan instalments until December this year.
September 2, 2021The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.
August 24, 2021Unexpected credit losses could leave banks with inadequate loss-absorbing resources, warns a new working paper from the BIS.
August 21, 2021Individuals and SMEs impacted by the latest Covid-19 lockdown measures can suspend principal and interest payments for two months.
July 18, 2021MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.
September 29, 2020Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.
May 26, 2020The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.
April 18, 2020The IMF estimates the cumulative loss to global GDP over 2020 and 2021 to be around $9tr, which is greater than the economies of Japan and Germany combined.
April 16, 2020Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.
April 2, 2020The measures include a 3 month moratorium on term loans, deferred interest on working capital loans, $50bn of liquidity measures, and 6-month delays for NSFR, CCB and LEI implementation.
March 28, 2020