Banks certainly have their hands full in light of the novel coronavirus outbreak (COVID-19).

Borrowers and businesses face job losses, slowed sales, and declining profits as the virus
continues to spread around the world. Banking customers are likely to start seeking financial
relief via stimulus packages and Central bank regulators in Bangladesh was encouraged
commercial and specialized banks to entertain or appreciate bankers under the compensation
packages. The immediate impact will be felt by women working from home during the
lockdowns, as they are likely to be burdened more than men by domestic duties such as looking
after children while schools are closed. Women, particularly in banking, have also traditionally
been disproportionately victims of redundancies following recessions. People who were most
likely to keep their jobs were white males who were highly educated and women did lose out.
The study also found a "significant" racial labor market gap, which only widened as
unemployment rates went up. These risks highlight the importance of financial institutions
paying attention to diversity during the crisis, or they "are likely to erode some of the gains that
might have happened in the past. For example, they could avoid making performance
assessments based on the lockdown period and should be auditing the impact of redundancies
and pay cuts that may come out of the crisis. Most leaders aren't bad people. They don't want to
hold back women or any other group. It's just that when we have these really stressful periods,
we don't notice. The COVID-19 pandemic has shuffled the cards of everyone’s life leaving no or
least buffer in many aspects. Economies, Corporations and Institutions that we could rely on
have been spiraling to down trends and the truths that we have held as befitting universally no
longer makes relevance. This specially reflects on the Job Market and resulting changes in
Employment. While the crisis is a disaster in an unprecedented scale causing countless people
losing their jobs, also implies that these people soon will be on the lookout for new opportunities.
Employers and Decision Makers are now thinking ahead reaching the flick of time when the
crisis gets over and what approaches or strategies they should adopt to attract the newer
generation to their organizations. How long will this shift in the undercurrents hold after the
pandemic or will the market revive back to the previous state?

There are also opportunities to be found in the current crisis, but it requires that financial services
firms dedicate efforts to embed the positive changes once it is over. Lockdowns can normalize
remote working and "accelerate" flexibility initiatives that banks may have attempted to put in
place in the past."This is good news for gender balance in finance, as it will particularly help
women manage work-life balance, she said, adding that it could also open up the talent pool to
people who have historically been unable to take on a traditional ten-to-six job. The fact that
whole families are sent home during lockdown could also drive a cultural shift in terms of who is
expected to take on childcare and other responsibilities at home.