{"id":100998,"date":"2020-04-10T15:29:10","date_gmt":"2020-04-10T22:29:10","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=100998"},"modified":"2020-04-10T15:29:10","modified_gmt":"2020-04-10T22:29:10","slug":"can-failing-businesses-bank-on-banks-during-corona-spread","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2020\/04\/10\/can-failing-businesses-bank-on-banks-during-corona-spread\/","title":{"rendered":"Can failing businesses \u201cbank\u201d on banks during corona spread"},"content":{"rendered":"

Dr SARATH OBEYSEKERA\u00a0<\/em><\/span><\/h2>\n\n\n

Central Bank has issued a promising circular 05 of 27tj March 2020 informing banks and businesses and also individuals who have either borrowed or obtain finance \/leading facilities can apply for redress to reschedule loans and maybe even writing off interests for s limited period\u00a0<\/p>\n\n\n\n

Circular also stipulates that and legal action taken by banks against borrowers for defaulting repayment and servicing interest payable may also be withdrawn. Please\u00a0<\/p>\n\n\n\n

It is interesting to know how many enterprises have sought redress\nand how many have been given any relief.<\/p>\n\n\n\n

We as a Foreign exchange earning enterprise requested a bank\nto provide redress in line with the circular.<\/p>\n\n\n\n

Within 25 hours bank wrote back informing that they are unable to consider our important foreign exchange earning enterprise that we are not eligible<\/p>\n\n\n\n

These banks show thumping profits and pay high dividends to their shareholders and massive bonuses to the top management\u00a0<\/p>\n\n\n\n

But during these difficult times, they are armed with loopholes and refuse to provide any redress undermining the government efforts\u00a0<\/p>\n\n\n\n

The government should request the banks to provide data about how \u00a0many companies requested redress and how many have been granted redress\u00a0<\/p>\n\n\n\n

These data should be published for the public to know\u00a0<\/p>\n\n\n\n

TV channels only talk about the number of people who have been arrested, how many have fallen ill etc, but never talk about ways of the revival of the economy. In some channels, the talkative interviewers have no knowledge about banking or investment strategies and try to show unnecessary controversial programs with racial bias\u00a0<\/p>\n\n\n\n

Discussions should be carried out with banks and request the\nmanagers to explain how they can be part of the effort by armed forces and\nmedical professionals <\/p>\n\n\n\n

We lost the chance of earning a few millions of dollars due to Corona spread and yet the Bank does not consider any redress.<\/p>\n\n\n\n

We are disappointed<\/p>\n\n\n\n

Dr. Sarath Obeysekera
CEO Walkers Colombo Shipyard
Colombo
Sri Lanka<\/p>\n","protected":false},"excerpt":{"rendered":"

Dr SARATH OBEYSEKERA\u00a0 Central Bank has issued a promising circular 05 of 27tj March 2020 informing banks and businesses and also individuals who have either borrowed or obtain finance \/leading facilities can apply for redress to reschedule loans and maybe even writing off interests for s limited period\u00a0 Circular also stipulates that and legal action […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[],"class_list":["post-100998","post","type-post","status-publish","format-standard","hentry","category-dr-sarath-obeysekera"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/100998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=100998"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/100998\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=100998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=100998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=100998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}