Question

Describe TEN (10) factors financial systems adapt to the Covid-19 pandemic.

Answer 1

10 factors financial system adapt due to covid-19 pandemic as follows-

A. Inclusion of digitalisation in their operations.

B. Cutting down of the fixed cost involved

C. Recovering all such that which are turning bad due to pandemic.

D. Reorganisation of the loan and restructuring of the finance.

E. adaptation of the changes which has been made by the monetary policy by Central Bank.

F. ensuring high degree of flexibility in their operations which will be helping in sustaining during covid-19.

G. Matching their duration of loans with their appropriate deposits.

H. Reduction of the number of employees will also help in cutting down the cost.

I. Adaptation of digital meetings with the client and work from home.

J. availing all such discounting windows which are offered by the central bank in order to sustain through economic adversities.