IMPACT OF DEMONETIZATION ON THE BANKING SECTOR

SAPNA MALIK; NIDA ZAIDI

IMPACT OF DEMONETIZATION ON THE BANKING SECTOR

July 2017

Vol-3, Issue-4

Paper ID: 6106

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

BANKING

Keywords

THIS PAPER IS FOCUS ON THE IMPACT OF DEMONETIZATION ON INDIAN ECONOMY.

Abstract

1. ABSTRACT Demonetization is the act of stripping a currency unit of its status as legal tender. It is a process of removing a currency from general usage or circulation of money in a country. Demonetization is an act where the old unit of currency gets retired and replaced with a new currency unit. It can also be considered as withdrawal of a specific currency from market. To check undisclosed black money, corruption and fake currency the Government of India on the 8 November 2016 announced demonetization of high denomination currency notes Rs 500 and Rs1000. A new redesigned series of Rs 500 and Rs 2000 banknote is in circulation since 10 November 2016. Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit. In this paper I want to discuss the impact of demonetization on the banking sector.

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Author Information

#	Name	Institute / Affiliation
1	SAPNA MALIK	ACHARYA VISHNU GUPT SUBHARTI INSTITUTE OF MANAGEMENT AND COMMERCE
2	NIDA ZAIDI	ACHARYA VISHNU GUPT SUBHARTI INSTITUTE OF MANAGEMENT AND COMMERCE

How to Cite

Use the following formats to cite this article in your research.

APA Style

MALIK, SAPNA & ZAIDI, NIDA (2017). IMPACT OF DEMONETIZATION ON THE BANKING SECTOR. International Journal of Advance Research and Innovative Ideas In Education, 3(4), 1773-1786.

MLA Style

MALIK, SAPNA, and NIDA ZAIDI. "IMPACT OF DEMONETIZATION ON THE BANKING SECTOR." International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 4, 2017, pp. 1773-1786.

IEEE Style

SAPNA MALIK and NIDA ZAIDI, "IMPACT OF DEMONETIZATION ON THE BANKING SECTOR," International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 4, pp. 1773-1786, 2017.

Vancouver Style

MALIK SAPNA, ZAIDI NIDA. IMPACT OF DEMONETIZATION ON THE BANKING SECTOR. International Journal of Advance Research and Innovative Ideas In Education. 2017;3(4):1773-1786.

Harvard Style

MALIK, SAPNA & ZAIDI, NIDA (2017) 'IMPACT OF DEMONETIZATION ON THE BANKING SECTOR', International Journal of Advance Research and Innovative Ideas In Education, 3(4), pp. 1773-1786.

Chicago Style

MALIK, SAPNA and NIDA ZAIDI. "IMPACT OF DEMONETIZATION ON THE BANKING SECTOR." International Journal of Advance Research and Innovative Ideas In Education 3, no. 4 (2017): 1773-1786.

Turabian Style

MALIK, SAPNA and NIDA ZAIDI. "IMPACT OF DEMONETIZATION ON THE BANKING SECTOR." International Journal of Advance Research and Innovative Ideas In Education 3, no. 4 (2017): 1773-1786.