ROLE OF RBI'S POLICY MEASURES DURING COVID-19

The paper analyses the impact of the pandemic on the banking sector in India and policy measures undertaken by
Reserve Bank of India to mitigate the adverse effect covid-19. The pandemic has made a tremendous impact on life as
well as business of the world's largest democracy. Though, the magnitude of impact on different sectors varies, none
of the sectors are completely out of the reach of its repercussions. The battle with COVID-19 is not only to save the
life of the people but also to ensure that the banking channels are working round the clock to cater to the needs of the
public as well as financial market. This paper is attempted to study the impact of RBI’s policy measures on banking
sector in India.