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COVID 19 and Financial Performance of Banks in India: Impact and Implications

In: Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy

Author

Listed:
  • Vidhi Tyagi
  • Kamini Rai
  • Pallavi Tyagi

Abstract

Purpose:The purpose of the study is to determine the significant difference between the performance of the Indian banks in pre coronavirus disease (COVID 19) and post COVID 19 periods. Further, it explores the impact of COVID 19 on the profitability of the Indian banks by investigating variation between the non-performing assets (NPAs) and the net profit of the banks during pre and post COVID 19 periods. Need of the study:The COVID 19 outbreak has affected various industries including Indian banks which reported an increase in NPAs, and demand for credit which in turn impacted profitability. This study was carried out to examine the impact of COVID 19 outbreak on Indian banking sector. Methodology:This study uses different banks’ NPA and net profits performance to examine the effect of COVID 19 on banks’ overall performance. The data have been collected from secondary sources, commercial websites, and websites of Indian banks (private and public sectors).t-Test was used to analyse the data. Findings:Among public sector banks, Canara Bank was found to have a significant difference in net profit in the pre and post COVID 19 periods. In private sector banks, HDFC Bank showed a significant difference in the net profit in pre and post COVID 19 periods. For NPAs, all private banks showed no significant difference in pre and post COVID 19 period results. Implications:The study revealed that both private and public sector banks in India were mildly affected by pandemic and most of them are significantly reporting no difference in net profit and NPAs during pre and post COVID 19 periods.

Suggested Citation

  • Vidhi Tyagi & Kamini Rai & Pallavi Tyagi, 2023. "COVID 19 and Financial Performance of Banks in India: Impact and Implications," Contemporary Studies in Economic and Financial Analysis, in: Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy, volume 110, pages 1-20, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-37592023000110b001
    DOI: 10.1108/S1569-37592023000110B001
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    More about this item

    Keywords

    COVID 19; non-performing assets; Indian banks; profitability; financial reports; financial performance; G2;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services

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