What are the Pros & Cons for the Banks, GOI & RBI by Rupee 500, 1000 Banned Join the Face

As of now, we can claim banks and its top management have a honey moon period in terms cash deposit. We can expect somewhere between a few lakh crores to few thousand crores of deposit increase in both savings and current accounts nationwide. There would be having a remarkable increase in the market capitalization space also. Banks would be biggest gainer in this measure. Those who hated banking system will be forced to use the banking domain without alternatives.

Rupee 500, 1000 Banned
Rupee 500, 1000 Banned

This cash deposit and market capitalization will help GOI and RBI to calculate nations unaccounted expenditures and unaccounted savings accounted which would indirectly help GOI rate India economic strength powerful and compete with global super powers. The, when we speak about bank employees would be heavily loaded with tons of work to be done. Paperless banking institutions would have less load to their employees, but banks still under paper processing may face heavy tons of paper to be used in the next few days to months. Hence, bank employees and the bank branches may be filled with loads of people in the next forthcoming days till December 10, 2016.

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