Examining the Impact of COVID-19 on the Banking Industry: A Bibliometric Analysis

The impact of COVID-19 on the banking industry has had a significant effect. This study tries to map the development of research published in this field. The research was conducted using VOSViewer software. The data were analyzed in the form of scientific research related to the impact of COVID-19 on the banking industry, totaling 28 articles indexed by the Scopus database. The results show that the number of research publications on the impact of COVID-19 on the banking industry is quite large. The network visualization shows that the map of developing research on the impact of COVID-19 on the banking industry is divided into several clusters with the most popular keywords, namely COVID-19, banking, and viral disease. Strongbayefa A, Akhmetov Y, Mohan T, and Baskaran A are the top authors. The top institutions are the Technical Expert Group on Sustainable Finance, Brussels, and the Department of Accounting Finance, Rennes School of Business. The most popular countries are India, Canada, and Saudi Arabia. Besides, it was found that research on the impact of COVID-19 on the banking industry was felt recently due to credit and non-performing loans which then had implications for restructuring policies. In the end, conventional banking is more affected by COVID-19 than Islamic banking in terms of its problematic financing ratio.


A. INTRODUCTION
The banking industry, in general, has the aim of serving both the surplus and deficit people to increase their standard of living. However, there is intense global competition in the banking industry (Julia & Kassim, 2020). Various countries have currently implemented a dual banking system mechanism where there are a conventional banking system and an Islamic banking system in the banking industry (Yunita, 2020). Therefore, banks continue to strive to grow and seek to increase their market share. Islamic banking itself has been around for more than three decades, but its market acceptance is relatively lower when compared to conventional banks (Shaikh et al., 2020). However, Islamic banking specifically seeks to develop the economy by increasing real economic activities that remain compliant with sharia principles (Muneeza & Mustapha, 2020).
Various policies issued by governments in various countries aim to be able to realize financial prosperity and will lead to economic equality, especially in the era of the COVID-19 pandemic, where most countries in the world are affected and declared as an emergency solution to break the COVID-19 chain (Jamaruddin & Markom, 2020). COVID-19 has become a global challenge with a significant prevalence rate and has had devastating consequences in terms of the pandemic, economic and social issues (Shahabi et al., 2020), including in the banking industry. Among the factors that played a role in the 14% growth of global Islamic finance industry assets, namely the increase in the level of Sukuk issuance in traditional markets in the GCC and Southeast Asia (Rahman et al., 2020). This relatively new market has also attracted non-Muslim issuers from Europe, Asia, and Africa. The Sukuk market emerged as a new phenomenon in the global financial system after the global financial crisis. This is a potential alternative to increase capital to meet corporate financial needs and promote sustainable economic development (Paltrinieri et al., 2019).
This rapid growth has also been driven by continued growth in Islamic banking assets, which account for the majority of industrial assets.

Bibliometric mapping is an important
research topic in the bibliometric field (Börner et al., 2003). Two distinguishable bibliometric aspects are the construction of the bibliometric map and the graphical representation of the map. In the bibliometric literature, the greatest concern is in the construction of the bibliometric Therefore, the idea of VOS is to minimize the weighted sum of the squares of the distance between all pairs of items.   In this situation of high uncertainty and uneven impact, it is debatable how the economic and financial recovery will take place, and it is questionable how long it will take to recover from the economic damage caused by the pandemic. The role of banks and financial institutions will be very large in recovery during and after COVID-19 (Rabbani et al., 2021). The most important implications of the impact of COVID-19 on banking (Thakor, 2020).
First, banks will operate in a financial system flooded with liquidity, and interest rates are very low. Second, the government will play an important role in the financial sector, both as a borrower (to finance the deficit) and as a risk taker providing guarantees, terminations, and more direct fiscal support for borrowers whose business and cash flow bear the burden of the virus. This means that banks will prefer to provide loans to borrowers whose cash flow is   Also, this study looks for countries of origin of authors who write the most on this theme paper, Figure 4 shows the mapping. The increase in the ratio of non-performing loans (NPL) and freezing of funding is one of the direct impacts of COVID-19 in the banking industry (Baldwin & Weder, 2020).
Efforts that were then made by the government and the banking sector included providing relaxation to banking customers (Jaelani & Hanim, 2020), either through the restructuring process, increasing the financing period, or providing a grace period of 3-6 months ahead for affected customers. COVID-19 (Habibah, 2020).
The restructuring policy has been carried out by many conventional banks and Islamic banks (Iskandar et al., 2020). However, restructuring is not a write-off but provides leeway to pay off debt or financing payments, so that these funds are not recorded as bad credit. In the The concept of prohibiting usury and profit-sharing in the Islamic banking system has been proven to reduce disparities, injustice, and economic instability (Aisyah et al., 2020).
So, it can be concluded that conventional banking is more affected than Islamic banking, and Islamic banking is more able to withstand crises. However, banking as part of a financial institution that is needed by the community must be able to adapt and have a strategy to establish good communication and service with its customers (Sodikin, 2020), especially during the COVID-19 pandemic.

E. CONCLUSION
The focus of this research is to try to find out Requirements for a cocitation similarity measure, with special reference to Pearson's correlation coefficient. Journal