The Central Bank has requested Licensed Finance Companies and Specialised Leasing Companies – Non-Banking Financial Institutions (NBFIs) – to provide concessions to their borrowers hit by the prevailing third wave of the COVID-19 pandemic. 06 of 2021 on concessions for pandemic-affected businesses and individuals, the Central Bank has request the NBFIs to provide the following concessions to the affected borrowers:1. of the eligible borrowers. Other concessions(a) NBFIs shall discontinue late payment fee on credit cards and other credit facilities during the period up to 30 June 2021, for those who are demonstrably affected. Concessionary Scheme for Businesses and Individuals Affected by Third Wave of COVID-19 Pandemic by Adaderana Online on Scribd

Source: The Nation June 11, 2021 16:07 UTC