MBA Journals Peer-reviewed management research from Consortium e-Learning Network

NOLEGEIN Journal of Financial Planning And Management

The Effect of Covid-19 On Indian Banking Sector

  1. Amisha Sunil Katkamwar
  2. Nidhi pravin vyas
  3. Abhijeet kashinath kasar
  4. Dr.SONIA GUPTA

Abstract

Covid 19 pandemic which disrupted the Indian banking sector, leading to challenges in asset quality, investment, and overall economic stability. Although the Indian banking sector has been studied,. this report has been written based on many different articles, news which shows major impact on Banking sector performance. Covid 19 pandemic comes with catalyzing unprecedented challenges and adaptations, for example - Operational constraints, heightened nonperforming assets, sluggish credit growth and many. As the economy is going through uncertainties, the banking sector underwent many changes. the investment options had changed there is change in No of CASA (current account and savings account). To put it in perspective, in recent years the repo rate has reduced by 75 BPS. Reverse the repo rate by 90 BPS and lower the CRR by 100 BPS. This paper aims to examine the difference that came in the Indian banking sector before and after the COVID-19 pandemic. Banks had to deal with various issues like service disruptions, more people being unable to repay loans, slower credit growth, and a quick move towards digital banking. During economic uncertainties, the industry transformed by implementing new strategies and following regulatory guidelines to continue operations and meet customer needs. This paper aims to explore how the pandemic affected the Indian banking sector, looking into its resilience, responses, and the changing landscape in the aftermath of this global crisis.
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