Wednesday 27 May 2020

Probable Corona Virus effect on Banks/Financial Institutions

1. Reduction of profit margin even some medium and week bank may start incurring loss
2. Sharp increase of Non Performing Loan as Corona Virus hits every sector of the business which leads borrowers non capable to serve the debt.
3. Banks/Financial Institution will face difficulties to bear operational expenses and will be compelled to reduce salary of the employees even may reduce employee as well.
4. May face liquidity crisis in near future.

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