Regulations during COVID19 - Banking and Corporate Sector in India

COVID-19 (Pandemic) has changed the business trends around the world since 2020. Countries are facing various challenges and its can be seen on all business sectors. The Indian Government immediately after the outbreak of the pandemic has imposed lockdown and enforced of Disaster Management Act, 2005. All the sectors including Agriculture, tourism, manufacturing units, goods& service sectors, religious places, education and count is endless. The COVID 19 has effected all levels of communities, businesses and organizations in India, distressing the commercial sectors. Various regulatory changes include :• The Effect of the pandemic on Indian Business sector particularly Financial Sector and Corporates is the major concern. Various regulatory changes were made by the Ministry of Finance to ease these sectors. Business Continuity Plan• Sharing of important instructions to sensitize the staff• Encourage digital banking facilities• Three months moratorium• Ease out financial stress to maintain adequate liquidity in financial systemThe paper analysis various regulatory changes by Ministry of Finance, Reserve Bank of India, Ministry of Corporate Affair for tackling and support Financial Sector through packages and Corporates through relaxations