Impact of COVID 19 on the banking sector

Dr. Meenu Baliyan and Muskan Goel
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Dr. Meenu Baliyan: IMSEC Ghaziabad, India
Muskan Goel: IMSEC Ghaziabad, India

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 12, 272-276

Abstract: COVID-19 adversely affected the Indian Economy as well as human lives. Almost all the sectors have been affected. This paper aims to investigate the COVID-19 pandemic’s effect on the banking sector. Because of the lockdown, there were no sources of income. That’s why people demanded advances and on the other hand, they were not able to pay the loans. To overcome this situation, the Reserve bank of India and the central Government have taken many measures to provide relief to the people. This Research Paper shows the relationship between NPAs, Advances, and Profitability due to COVID-19 and also the impact of measures taken by RBI and the government in the Indian Banking sector.

Date: 2022
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