A Study of Impact of Covid 19 on Banking Financial Service in Haryana State (With Special Reference of Rohtak District) | Original Article

ABSTRACT:

ABSTRACT

In 2020, in the mid of February last year, we unknowingly got in touch with Corona Virus and since then our world has changed completely. The disease first showed its presence in Wuhan, China and within 2 months it travelled the whole world. It left no corner untouched and every business took a direct hit, every sector was compromised and hence banking sectors was also not left untouched.  As we all known as due to the Covid-19 pandemic which has nearly affected over 795,605 confirmed cases and 21632 deaths across India. The covid-19, corona virus pandemic has affected human beings and various economic sectors globally affecting a large number of populations. Covid-19 has spread globally and impacted on banking services and digital economy. The purpose of this research paper is to impact of covid 19 on banking financial services in Rohtank district.  We all are directly or indirectly connected with banking services. COVID-19 Pandemic affected the Indian economy. Regulatory Indian RBI bank made required modifications with the guide of professional in their policy. Indian banking sector confronted and maintained to face the challenges inclusively liquidity issue, banking concern decreased REPO price to call awfully few. Since public are struggling to getting income, Reserve Bank of India specific to supply the remaining paying EMI from customer by growing the length for re-payment. The pandemic affected unswervingly deformed into human calamity. It surprise for all sectors of the economy. This research has perceived the socio-economic profile of customers. Paper based on primary data and their answers summarized used of tables and chart for better understanding.