COVID-19 Impact on Banking Sector of India

Dr. Manohar Das Somani () and Kaushal Kumar ()
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Dr. Manohar Das Somani: Professor, Department of Commerce, MJB Government P.G. Girls College, Moti Tabela, Indore
Kaushal Kumar: Research Scholar, Department of Commerce, Devi Ahilya Vishwavidyalaya, Indore

Journal of Commerce and Trade, 2020, vol. 15, issue 1, 9-14

Abstract: COVID-19 has created global disruptions to economic activity due to lockdown imposed by the government in effort to slow down the spread of the virus but its consequences for the global economy and financial sector in particular are to a large extent still unpredictable. The study is descriptive in nature and based on secondary data only. This research study aims at to identify the COVID-19 impact on Banking Sector of India and founds that Moody's have changed the outlook of Indian Banking System to Negative, there is rise in Credit Costs and Non-Performing Asset (NPA) of Indian banks, the profitability of Indian banks is continue remain muted, there is deceleration in Credit Growth of banks in India, there is substantial increase in e-banking vested with cybercrime challenges, and the Indian banks are going to have weaken asset quality. These are major areas where Indian banks are getting hurt due to coronavirus outbreak.

Keywords: COVID-19; banking system outlooks; credit growth; Indian banking sector. (search for similar items in EconPapers)
JEL-codes: A11 H54 N35 (search for similar items in EconPapers)
Date: 2020
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