Research Article | Open Access
Impact of Covid-19 on Banking Sector: An Ethical dilemma of loan moratorium
SHIVANI,Dr. OM PRAKASH AGRAWAL
Pages: 1156-1164
Abstract
This article aims to investigate the impact of Covid-19 pandemic on banking sector regarding loan moratorium in India. Covid-19 first detected in Chine in the end of 2019 and spread all over the world which started on 24 March 2020 for 21days and further it extended up to three months. To prevent the spread of
pandemic various governments have imposed lockdown. Banking sector was one of the sectors which was badly affected by the lockdown. People also faced problem to pay their debts. RBI permitted three-month moratorium for all kind of banks in India. This relief was provided to shield businesses from the economic impact caused by covid-19 induced lockdown.
Keywords
Covid-19, Pandemic, Loan-Moratorium, Lockdown, RBI