The COVID-19 epidemic is a financial crisis in addition to a health and ethical calamity. When it comes to combating the COVID-19 epidemic, institutions are crucial. Banking institutions are the focus of the public's interest despite not being immediately affected by the new coronavirus in the same way as other large retailers. The financial engine of the economy, banks finance both businesses and private citizens. For the system to continue to function, their stability is required. In India, financial service are included in the list of indispensable activities. In the middle of the crackdown and health emergency, banking and financial institutions were under intense compulsion to keep routine operations. This essay examined the effects of COVID-19 on the finance industry.
Key words: nonperforming assets, black swan event, digital banking, cyber security, Fintech.
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