In this research, we are going to discuss the impact of Covid-19 in the banking industry based on the control level of Covid-19 in a country. With the doubt, we come out with an argument -- “well-controlled countries tend to have a lower negative impact on the banking industry than those under controlled countries during the Covid-19 pandemic”. Here, we are considering Malaysia and China as the under controlled countries and USA as the not wellcontrolled countries. This is because Malaysia and China have drastically reduced the number of new cases, what is known as flattening the curve. In contrast, the coronavirus cases in the USA are still growing rapidly since the first week of March, and the USA now has the most confirmed cases and deaths compared to any other country worldwide.