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Title: DEMONETIZATION AND ITS IMPACT ON BANKING INDUSTRY
Authors: Jyoti Dobhal and Dr Saurabh Joshi
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Jyoti Dobhal1 and Dr Saurabh Joshi2 1. Research Scholar, Swami Rama Himalayan University, Dehradun 2. Assistant Professor, Swami Rama Himalayan University, Dehradun
MLA 8 Dobhal, Jyoti, and Dr Saurabh Joshi. "DEMONETIZATION AND ITS IMPACT ON BANKING INDUSTRY." Int. j. of Social Science and Economic Research, vol. 7, no. 12, Dec. 2022, pp. 4052-4057, doi.org/10.46609/IJSSER.2022.v07i12.014. Accessed Dec. 2022. APA 6 Dobhal, J., & Joshi, D. (2022, December). DEMONETIZATION AND ITS IMPACT ON BANKING INDUSTRY. Int. j. of Social Science and Economic Research, 7(12), 4052-4057. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i12.014 Chicago Dobhal, Jyoti, and Dr Saurabh Joshi. "DEMONETIZATION AND ITS IMPACT ON BANKING INDUSTRY." Int. j. of Social Science and Economic Research 7, no. 12 (December 2022), 4052-4057. Accessed December, 2022. https://doi.org/10.46609/IJSSER.2022.v07i12.014.
References [1]. Survase, Madan B. (2019) Financial Inclusion in India: A Comparison between pre and post demonetization, International Journal of 360 Management Review, 07(1), 2320-7132 [2]. Rastogi, H. (2018). Demonetization and its impact on Indian economy. International Journal of Academic Research and Development, 3(2), 674-678 [3]. Srivastava, A.K. (2018). The effective of Demonetization on banking sector: A comparative study of Public and Private sector Banks. Research Review Journal, 2(2), 249-252 [4]. Kumari, S & Zaidi, N. (2017) . Impact of Demonetizaation on Banking Sector, www.ijariie.com , 3(4), 2395-4396 [5]. Rajini, K & Shanthini, B. (2017) .Impact of Demonetization A Conceptual Framework ,IOSR Journal of Humanities and Social Science . 2279-0837 PP 11-14 [6]. Sujata, T. Lata, A Comparative Study on Pre and Post Demonetization on E-Banking Service , IOSR Journal of Business and Management (IOSR-JBM), 2278-487X , PP12-17 https://iasscore.in ›
ABSTRACT: Demonetization is an act of stripping a currency unit of its status as a legal tender. In simple words, demonetization is the process by which the demonetized notes cease to be accepted as legal currency for any kind of transaction. After demonetization, the old currency is replaced by a new currency, which may be of the same denomination or may be of a higher denomination. Demonetization is done by a country for various reasons. In India Demonetization happened three times. First time it happened in the year1946 and then in the year 1972. Third time it happened on 8 Nov 2016. It affected many sectors of the nation but banking sector was the most affected one as it was the main channel through which whole economic process had moved on. It was assumed that banking sector had an edge over the rest during the entire exercise of demonetization. It becomes necessary to understand Demonetization effect on banks financial performance as banks financial performance directly related to a country’s economic growth. The present study is made out of available literature on post demonetization. It illustrated how the demonetization affected the banking industry.

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