Impact of Covid-19 Pandemic on E-Banking System In India
Keywords:
Banking, Financial, Cashless, Transactions, PandemicAbstract
The COVID-19 pandemic has the potential to be one of the most catastrophic threats to the financial services industry in in a century. The impact of COVID-19 on banking will be a significant drop in demand, decreased incomes, and production shutdowns, all of which will harm banks' business. Digital financial services enable social distancing; they enable governments to quickly and effectively dispense funding to people in need; and they enable many consumers and businesses to fast access online payments and financing. As a result of the pandemic, the shift to E-banking has accelerated, putting the existing trend several years ahead of schedule. Furthermore, this was not a one-time occurrence, but is continuing. Many of those who have made the move to internet services for the first time want to do so in the future. The goal of this research is to determine the role of electronic banking in halting the Covid-19 pandemic. To meet the goals of this work, a survey study using a questionnaire was conducted.
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