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Sri Lanka’s financial regulators have issued one of their strongest public rebukes yet against the country’s banking industry, accusing lenders of relying excessively on collateral instead of properly assessing borrowers’ financial strength and repayment capacity. The warning came during the launch of the Credit Information Bureau of Sri Lanka’s (CRIB) new customer mobile application, myCRIB, […] The post Collateral Addiction Holding Sri Lanka’s Banks Back, Regulators Warn appeared first on Lankanews.lk .

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