Changing Landscape of Indian Banking After Covid and Role of Banks in Revival of Economy

Abstract

The digital revolution is a great test case for regulators who must adapt by adapting their work on rivalry and letting the benefits of progress go beyond financial stability. In this sense, supervisors must facilitate regulatory orientation and rivalry policy so that consistency does not become an obstacle to the section and neither does the transition become destabilizing. The rivalry can be grown from a slight orientation of the competitors, but at the risk of diminishing the benefits of the owner and, therefore, increase their risk including motivational forces. Also, you can change the era from main themes to non-banking elements. Since ancient times, banks have made enormous progress and have suffered and endured many emergencies. The currency crisis triggered by the Covid-19 pandemic could trigger another financial crisis. This outweighs the combination of loan fees, consistently low policies and competition from (unregulated) shadow banks and digital newcomers who have tried the mainstream business model over the past decade. The survey is the result of the banks. In this report we argue that the crisis of Covid-19 will accelerate the pre-crisis trends since the development repressed and low credit rates will continue for some time and digitization will be a great driving force.