COVID-19: Impact on the Financial Services Sector Index
The COVID-19 has impacted the social as well as professional lives of people. This pandemic could be one of the most significant challenges faced by the financial services industry. Financial institutions around the world are closely monitoring and facing with the challenges of COVID-19 pandemic. Institutions are coming up with more expertise team to understand the immediate effect of this pandemic to business economies, society and other stakeholders to provide better services to the customers in this highly volatile business environment. Service sectors, including aviation, travel, and tourism, are likely to be hit the hardest. All eyes tuned to the financial services industry to see if they can respond in a manner that reduces the global economic impact of COVID-19. This pandemic has already had a serious impact on the global financial markets, including India, and it may have accounting and reporting implications for many entities. As Corona virus started to spread all over, and more information comes to light, the after effects are more severe than expected by the experts. This paper made an attempt to study the impact of covid-19 on the financial services sector index before and after Covid-19 pandemic.
Keywords:Coronavirus, Stock market, Financial services
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