VOLUME - 6, ISSUE – 2 , JULY.TO DEC ,2020 ISSN NO. : 2455-4642 (ONLINE)
IDEES –International Multidisciplinary Research Journal
(Peer Reviewed)
A Research Paper
on
A study on impact of COVID-19 pandemic in the banking sector of India
By
Tathagat P. Patel
Assistant Professor, Department of Accountancy / Commerce
Udhna Citizen Commerce College & SPBCBA & SDHGCBCA&IT, Udhna, Surat
Contact No: 9033121089 E-Mail id: [email protected]
Abstract:
Nowadays almost the entire world is fighting with COVID – 19 pandemic. Majority of
countries in the world had adopted a strategy of complete lockdown for several days to fight
against COVID – 19 pandemic. The lockdown situation had stopped the wheels of the
economy of majority of nations. The economic activities all over the world had become
stagnant due to lockdown. In India the pandemic has a deadly effect on the economic
activities. Almost all the sectors in India are severely affected due to COVID – 19 pandemic.
The banking sector plays a very important role in the development of any economy. As the
banking sector is a major source of finance for the trade and commerce, the study has been
made regarding the impact of COVID – 19 in this particular sector. The various challenges
faced by the banking sector during the period of COVID – 19 has been discussed. The issues
relating to NPA’s are most likely to arise after lockdown enforced period. The Reserve Bank
of India has declared various relief measures for all the affected sectors. The various ratios
and rates calculated by RBI are taken into consideration for the purpose of the study. It has
been observed that the cash reserve ratio, statutory liquidity ratio, cash deposit ratio, credit
deposit ratio and yield rates of 91, 182 and 364 days treasury bills has been significantly
decreased in the after lockdown enforced period. The various measures which can be adopted
in the post COVID -19 phase has also been suggested by the researcher.
Key words: COVID – 19, banking sector, RBI, ratios and rates.
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