• Dr.C.ARJUNAN

The first bank in India to be set up on modern lines was in 1770 by a British agencies house. The earliest but short-lived effort to establish a central bank was in 1773. The Reserve Bank of India was initially established in 1935 by an Act promulgated by the Government of India. Nationalization of 14 commercial banks in 1969 was a revolution in the history of banking in India. Six more commercial banks were nationalized in 1980. In November 8 2016, the Indian government decided to demonetize the Rs.500 and Rs.100 rupee notes, the two biggest demonetization in its currency system, these notes accounted for 86 per cent of the country’s circulating cash. The Government’s goal was to compare India’s thriving under grand economy on several fronts; eradicate counterfeit currency, fight tax evasion, eliminate black money from money laundering and terrorist financing activities and to cashless economy. This paper discusses impact of demonetization in nationalized banking services in Puducherry town.

Banking services, demonetization, impact of demonetization, etc.

"A STUDY ON CUSTOMER OPINION TOWARDS DEMONETIZATION IN NATIONALIZED BANKING SERVICES IN PUDUCHERRY TOWN", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.191-196, May-2019, Available :http://www.jetir.org/papers/JETIRBP06037.pdf

"A STUDY ON CUSTOMER OPINION TOWARDS DEMONETIZATION IN NATIONALIZED BANKING SERVICES IN PUDUCHERRY TOWN", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp191-196, May-2019, Available at : http://www.jetir.org/papers/JETIRBP06037.pdf