Page 44 - Banking Finance March 2022

ARTICLE

BANKING

DURING

COVID AND

BEYOND

P recently humanity is going through a major Medical and para medical personnel are under huge

challenge, a challenge to survive. No one can
pressure as they are on duty to serve the large number of
infected patients.
predict the future so everyone is trying to hold
himself in a confined environment looking for the
new sunshine to begin wherein everything will be normal Govt. is trying its best to cope up with the situation but as
and we all can breathe freely in the unmasked environment the number is increasing day by day, things are looking out
and live a happy and healthy life. of control and only almighty can save this world.

No one could have predicted that situation during wave II In this critical situation if we talk about banking industry in
would be so bad that so many people would lose their lives India, it is really under pressure and as the O2 level of Covid
without getting proper medical care and attention. There infected people is coming down banks should also be warry
is huge shortage of life saving medicines, oxygen cylinders, of its saturation level.
ICU and ventilators. News are coming that people are dying
outside the hospitals in the ambulances as there is no bed State of Indian Economy and Banking-A Data Story: To
available in the hospitals. understand the impact of Covid pandemic on the Banking it
is important to analyze some of the key data related to
Economy and Banking in India.
About the author
A. GDP Growth Forecast: GDP growth projection by some
Rajiv Jamuar of the international agencies are as below:
Chief Manager (Faculty)
Union Bank of India Even after the outbreak of Covid 19 wave 2, different rating
Staff College Bengaluru agencies has revised the FY22 GDP forecast like Moody

44 | 2022 | MARCH | BANKING FINANCE