Post covid-19: boon or bane to the banking industry

The cataclysmic corona virus has changed how a layman looks at the future, permanently. The ripples of this disruptive pandemic will be felt emotionally, economically and politically for several generations. This uncontrollable situation threatens the economic growth severely while changing the outlook of well capitalised and profitable community banks and credit unions.The BFSI(Banking, financial service Insurance) sector has experienced a surge in its nett NPA, causing an economic turmoil. With continuous evaluations in the lending practices, several institutions have also improved their credit management system. Through this research paper, we learn how governments, banks and other financial institutions have adopted to such hard times.