COVID-19 IMPACT ON INDIAN BANKING SECTOR

Abstract

India announced a complete lockout of the country from March 24 to May 3 in order to combat a pandemic like Covid-19, which was then extended by the Indian government until May 3. Unless the Indian government goes on strike, the lives of its citizens will be endangered. This is going to have a significant impact on a wide range of industries in our nation. The Indian economy relies heavily on banking. This article is an attempt to assess the causal impact on banks of a pandemic such as covid-19 due to lockdown in this article. As a result, businesses, educational institutions, and offices in both the public and private sectors were forced to close. Banks could face serious consequences if the lockdown is extended beyond July 2020, according to an article in the New York Times.