Banking Industry: Outline on COVID-19 and Key Pain Points

Corona Virus Disease- 2019 (COVID-19) outbreak has been declared as a pandemic by World Health Organization (WHO). As of Mid-April 2020, there were 2 Million exposures to the virus across the globe and the number is set to increase further. While all countries are working on a containment strategy, the Virus because of its high transmissibility and spread has already recorded cascading effect on the economy where most banks in the effected countries started declaring various customer credit relief measures such as Payment Holiday, Moratorium, and many others.

 

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