Abstract:

This paper explores the impact of India’s demonetization on the banking sector, focusing on both the performance of banks and the outlook for employees. On November 8, 2016, the Indian government demonetized ₹500 and ₹1,000 currency notes, a move that created widespread disruption across various sectors. The banking industry, as a central institution in financial transactions, witnessed profound changes in its operations, customer service, and workforce dynamics. This paper examines how demonetization influenced banking performance in terms of growth, profitability, and innovation, while also analyzing the effects on employee morale, job satisfaction, and career prospects. The study utilizes a mix of quantitative data from banking performance reports and qualitative insights through surveys and interviews with employees in the sector.

Description:

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