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Impact of COVID 19 on the banking sector

Author

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  • Dr. Meenu Baliyan

    (IMSEC Ghaziabad, India)

  • Muskan Goel

    (IMSEC Ghaziabad, India)

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.

Suggested Citation

  • Dr. Meenu Baliyan & Muskan Goel, 2022. "Impact of COVID 19 on the banking sector," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(12), pages 272-276, December.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:12:p:272-276
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