• Dr. Aashka Thakkar
• Helly Chokshi
• Swapnil Chaudhari

The spread of COVID-19 has posed serious problems for the banking system in India. Business continuity concerns, operational factors, and the industry's bottom line are just a few areas where the pandemic is having an effect on banking. Increasing nonperforming assets (NPAs), loan demand, and the resulting decline in profitability were all reported by Indian banks. It was becoming more difficult to meet rising costs without any means of generating income due to the closure. In other words, people were asking for cash loans despite their inability to make the required repayments. A problem in available funds resulted. The Reserve Bank of India and the Central Government of India have adopted a number of initiatives to alleviate the crisis. The purpose of this research paper is to examine the effect of COVID-19 on the Indian banking industry and the link between nonperforming loans, advances, and profitability. To that end, we looked at three different Indian banks (ICICI, HDFC Bank, and Axis Bank) over the course of five years, from 2018 -22. The effect of Nonperforming Assets (NPAs) and Advances on Profitability was analyzed utilizing Statistical Tools, including the Correlation Coefficient. It may take a while for the banking system, especially in India, to recover from the effects of this epidemic.

Financial, Nonperforming Assets, Covariance Matrix Interval 19, and Net profit

"Impact of Covid- 19 on Performance of HDFC, ICICI, AXIS Bank", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 2, page no.e452-e462, February-2023, Available :http://www.jetir.org/papers/JETIR2302451.pdf

"Impact of Covid- 19 on Performance of HDFC, ICICI, AXIS Bank", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 2, page no. ppe452-e462, February-2023, Available at : http://www.jetir.org/papers/JETIR2302451.pdf