Impact of COVID-19 on the banking sectors of Bangladesh
View/ Open
Date
2021-12Publisher
Brac UniversityAuthor
Nusrat, Faria JahanMetadata
Show full item recordAbstract
The preparation of this Case Study Report was done to pass the MBA program of BRAC
University. The case study has been done to see how Covid-19 impacted the Banking Sectors
particularly in Bangladesh. I have talked to many employees of different banks as respondents
and got advice, gathered information about the change & solutions. Those banks are- Trust Bank
Ltd, UCB Bank Ltd., Mutual Trust Bank Limited, Sonali Bank Limited, Eastern Bank Ltd., City
Bank Ltd, Islami Bank Bangladesh Ltd, BRAC Bank Limited etc.
Covid-19 is an invisible disease that has spread around 188 countries of the globe and is
affecting individuals physically, economically and psychologically. The COVID 19 not only
creates panic in China, but also in developing countries like Bangladesh. Corona virus pandemic
situation puts the world financial system at danger. Individual, monetary and community life has
fallen upon a widespread risky situation for COVID 19 pandemic. There are many obstacles
facing Bangladesh to control the spread of the virus. As a result, corona virus pandemic
problems have hindered the development, left people jobless in many sectors and caused a major
global economic crisis. The case study found, Covid19 has numerous effects on banking sectors
in Bangladesh & the economy. Bangladesh's banking sector is facing huge tax shortfalls, rising
bad loans, individual investments and falling operating profits, while at the same time risky
closings for lockdown. Bank employees are severely affected by the performance of their daily
basis activities. Since the disease can spread through the air, workers’ daily life is being
hampered & spends their daily routine activities with enormous fear.
The case study report first presents the general effects of the pandemic on various banking
sectors and therefore analyzes how it affects our economic progress.