Transcription of “Demonetization and its effect on Banking Sector”
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“Demonetization and its effect on Banking Sector”
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 (April, 2017) PP 20-22 Two-day National Conference on Structural, Institutional and Financial Sector Changes (both 20 |Page Global and Indian) in the New Millennium and the Road Ahead Demonetization and its effect on Banking Sector Dr. M. Prabhu1, Girish V2, Mamatha R3 1 Assistant Professor, JSS College for Women, Kollegala. 2 Assistant Professor, College of Science, Arts and Commerce, Mandya. 3 Assistant Professor, Department of MBA, AIeMS, Bengaluru. Abstract: Demonetization is a tool to battle Inflation, Black Money, Corruption and Crime, discourage a cash dependent economy and help trade. Its policy of the government by banning Rs. 500 and currency notes has influenced all almost all the corner of the economy. Its effect on Banking Sector is significant as Bank is a center for channeling the legal tender money to all needs of the society.
“Demonetization and its effect on Banking Sector” Two-day National Conference on Structural, Institutional and Financial Sector Changes (both 22 |Page Global and Indian) in …
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