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Executive Summary :
Effect of Covid-19 on the Banking Sector of Bangladesh. The biggest scope of the study is to find out the problem that occurred due to the deadly pandemic Corona virus. The banking industry is the emerging industry In Bangladesh. Banks Are the intermediate sector in the country.
Because of the study we can mature the actual profit or loss that has been occur during this COVID-19 situation in the banking sector. This study also helps me gather experience on the banking scenario in real and also witness the dangerous effect of COVID-19 on the economy.
A nation can have a sound economy only with a compelling financial framework. Banks assume a fundamental part of the financial advancement of a nation. They amass the inert reserve funds of the individuals and make them accessible for speculation. They additionally, make new interest stores during the time spent allowing credits and buying venture protections.
| Report Title : | Effect of Covid-19 on the Banking Sector of Bangladesh. |
| University Name : | Govt. Titumir College, Dhaka |
| Submitted To : | Md. Imran Ibne Razzak |
| Submitted By : | Shekh Firoj |
| Total Page : | 45 |
They stimulate exchange both domestic and international tread by facilitating and limiting bills of trade. Banks additionally increment the portability of capital. Bangladesh’s financial framework has had a few exceptional accomplishments surprisingly. It is no longer confined to metropolitan areas but has extended its reach to even the most remote corners of the country.”
This is one of the key reasons contributing to Bangladesh’s development cycle. Today, the financial sector is one of the largest assistance divisions in Bangladesh. Accessibility of value administrations is indispensable for the prosperity of the economy.
Covid-19 has got in the nerves of the country’s economy. Banking sector of our country was suffering even before the covid situation and covid-19 has worst the situation. In this study, the effect of the covid-19 on the banking sector has been studied. The sample of this study consists of 50 employees of different banks of the country.
In this report, the primary data collected by survey and the feedback of the employees about the banking situation during the pandemic period. The survey has been carried out using the SPSS 21 program and a test is applied for each banker in the questioner.
Outline of the Report
Chapter 1: Introduction of the study—Introduction, Scope of the study, Objective of the study, Methodology, Limitations of the study
Chapter 2: Company Profile—UCB bank, Trust bank Limited, Mutual Trust Bank, BRAC Bank, Eastern Bank, NRB Bank, City Bank, One Bank, Pubali Bank, Janata Bank, Prime Finance Bank, IDLC Finance.
Chapter 3: Discussion of the Study—Literature Review, Current situation, Post covid-19 situation in the banking sector, Factors affecting the banking industry due to COVID 19.Chapter 4: Findings, Recommendation, Conclusion, Reference.
Objective of the study
- General objective:
The general objective of this study is to find out the ultimate effect of Covid-19 on the industry of the country.
Proposal Objective:
- Understand the Basic Market Situation
Gain a comprehensive understanding of the recent market situation, need including key trends, challenges & market opportunities that shape the country’s economic landscape. This analysis will be submitting a foundation for addressing specific financial concerns.
- Understand the effect of Covid-19 in the economy of the country
Focus the effects of the Covid-19 pandemic on the situation overall economy, including disruptions in various area or sectors and changes in economic indicators. To understanding these impacts will be help measure the broader implications for businesses & individuals.
- Understand the people who are suffering from financial support
Identify the financial problems experienced by individuals and groups affected by the pandemic, focusing on these in their financial support. This investigation includes the gaps in support systems & extent of the challenges faced by vulnerable populations.
- Understand of the COVID-19 effect on GDP through the banking sector
This study focusses how the banking sector has been impacted by the pandemic & its subsequent influence on the country`s GDP. This issue also includes assessing the performance of the banks, changes in lending behavior & the sector`s role in supporting economic recovery during & after the pandemic situation.
Conclusion:
The Covid-19 pandemic situation Bangladesh’s banking sector are affected by negatively. To know the exact span and depth of the impact is still not possible.
In this study, the banking sector regarded as one of the most promising sectors in Bangladesh, has been analyzed. To achieve this, a survey was conducted on a sample of 50 to 54 bankers of local banks in Bangladesh. The 100+ employees are asked 19 questions about how they are doing in this pandemic and how the measures are taken in the banking sector. This test is carried out with SPSS-21 program in the study.
The study shows that, this deadly pandemic has affected the banking industry drastically. Most of the respondents agreed with this statement. So, we can conclude that, Covid-19 has affected the banking industry of Bangladesh in terms of profit, loan rate, interest rate and psychological health of the bankers and so on.
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