Demonetisation Impact over Banking Loans & Advances: A Case Study
The demonetisation footstep by the Government of India twisted complicated influences in the economy. Complete sectors of the economy had faced and produced mixed sensation results over the decision of demonetisation. India’s financial services struggled with demonetisation; on the other hand demonetisation affects utmost over the banking sector because it is substantial influenced services to transform money circulation in an Indian economy. Eradicating components of currency notes from circulation in an economy is demonetisation. It is as the processes of components of money are denied the status of legal tender. Consequently, ceased currency notes will not be account as valid currency in an economy. The term ‘demonetization’ is an instrument to shrink Inflation, Black Money, Corruption and terror funding, this step discourages a cash dependent economy in India. Government of India drive towards demonetisation has given a strong push to the popularity of digital banking and made helps with the alternative arrangements of e-banking and e –wallet to trade and commerce. Exploring the demonetisation emergence in an economy and impact on banking services ecosystem dynamics, this study take an abductive approach anchored in over 4 years of case study data regarding. The present study foremost intention is to be analysing the demonetisation impact over banking loans and advances. In this regard the present study is to be examining the pre demonetisation and post demonetisation period.
Antony. J. P, D.K.Maheshwari & Preety. (2017). Impact of Demonetisation on banks. International Education & Research Journal, 3(5), 337-339.
Benefits of Demonetisation in India Times of India.Indiatimes.com/positivebenefits-of-demonetisatization-on-ours-economy.
Demonetisation and its impacts in India https://edupediapublications.org/journals.
History of Demonetisation in India https://www.quora.com/whats-is-the-history-ofdemonetisation-indian-currency.
Jayasudha, S. M., & Thangavel, M. (2016). An Empirical Study on the Major Problems Faced Due to Demonetisation by the Small Retailers in Erode City. IOSR Journal of Humanities and Social Science, 18-20.
Muthulakshmi, E. K. (2016). Impacts of Demonetisation on Indian Economy-Issues & Challenges. IOSR Journal Of Humanities And Social Science (IOSRJHSS)” e-ISSN, 2279-0837.
Prabhu, M., Girish, V., & Mamatha, R. (2017). Demonetization and its effect on Banking Sector. IOSR Journal of Business and Management, 7668, 20-22.
Copyright (c) 2019 International Journal of Finance & Banking Studies (2147-4486)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors contributing to IJFBS agree to publish their articles under the Creative Commons Attribution- 4.0 NC license, allowing third parties to share their work (copy, distribute, transmit) and to adapt it, under the condition that the authors are given credit, that the work is not used for commercial purposes, and that in the event of reuse or distribution, the terms of this license are made clear. Authors retain copyright of their work, with first publication rights granted to IJFBS. However, authors are required to transfer copyrights associated with commercial use to the Publisher. The authors agree to the terms of this Copyright Notice, which will apply to this submission if and when it is published by this journal
Submission of an article implies that the work described has not been published previously( exceptin the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, it will not be published elsewhere in the same form, in English or in any other languages, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication