Author : Abhishek rithvick modali, aaditya shah, aashvi shah, aman apte, akshay mayia
Keyword : Banking, insurance
Subject : Economics and econometrics
Article Type : Review article
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Abstract : “Due to business closures and interruptions brought on by the COVID-19 Pandemic, there have been severe economic shocks around the globe. This has resulted in the biggest financial crisis. One of the nations that was badly impacted by the deadly new coronavirus is India. When it comes to insurance, everything revolves around making promises and keeping them when the danger arises. It is time for insurers to show how much value they provide to their clients, the communities they serve, and the economy as a whole. Although the Pandemic has severely hurt the insurance sector, the future appears bright. Reserve Bank of India, the nation's top bank, changed its strategy to address the COVID-19 pandemic with the assistance of experts. The whole Indian banking industry has encountered and is still facing numerous difficulties, including a liquidity problem and the Reserve Bank of India lowering the REPO rate, to mention a couple. In this paper we study and understand the impact of covid-19 on the banking and insurance sector of India
Article by : abhishek rithvick modali
Article add date : 2023-02-28
How to cite : Abhishek rithvick modali, aaditya shah, aashvi shah, aman apte, akshay mayia. (2023-February-28). Impact of covid-19 on the banking and insurance sector of india. retrieved from https://www.openacessjournal.com/abstract/1205