UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 10
October-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIRG006009


Registration ID:
189003

Page Number

70-78

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Title

A STUDY ON THE IMPACT OF DEMONETIZATION ON THE BANKING SECTOR WITH SPECIAL REFERENCE TO MYSORE CITY

Authors

Abstract

Demonetization is the act of making the existing currency invalid from particular date and that currency cannot be circulated for further transaction and it is replaced by new currency note or coin. The government of India introduced demonetization to curb corruption and fake currency, to disclose black market and to control terrorism. There has been a significant improvement in saving flows to bank branches. In this context the present study is going to analyse the impact of the demonetization process on banking sector in India in general and Mysore city in particular. The present study has used the following methodology,  Type of research: both descriptive and analytical  Sample size : 130  Study area : Mysore city  Data : both primary and secondary  This study is based on both primary and secondary data.  For analysis purpose primary data has been used.  Both schedule and questionnaire methods have been used.  Sampling technique : Convenient sampling method Demonetization would bring positive effects for banking sector both in short and long term and It also improves tax compliance, brings down inflation, hinders corruption, checks fake currency. Banks have received huge deposits after demonetization. There are even bigger impacts on rural economy. Ruralites usually deal with landlords and unorganized sector for their financial crisis but due to the implementation of demonetization they also rushed towards banks and started to transact trough banks.

Key Words

- Demonetization, Saving Flows, Mysore City, NBFIs, Circulation of Currency

Cite This Article

"A STUDY ON THE IMPACT OF DEMONETIZATION ON THE BANKING SECTOR WITH SPECIAL REFERENCE TO MYSORE CITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 10, page no.70-78, October-2018, Available :http://www.jetir.org/papers/JETIRG006009.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A STUDY ON THE IMPACT OF DEMONETIZATION ON THE BANKING SECTOR WITH SPECIAL REFERENCE TO MYSORE CITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 10, page no. pp70-78, October-2018, Available at : http://www.jetir.org/papers/JETIRG006009.pdf

Publication Details

Published Paper ID: JETIRG006009
Registration ID: 189003
Published In: Volume 5 | Issue 10 | Year October-2018
DOI (Digital Object Identifier):
Page No: 70-78
Country: mandya, Karnataka, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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