Online ISSN: 2515-8260

Keywords : Banks

Study Of Effects Of Demonetization On Banks

Alfiya Zunzuniya,Shristhi Agarwal,Isha Jaiswal,Kanishka,Ms. Shinki K Pandey .

European Journal of Molecular & Clinical Medicine, 2023, Volume 10, Issue 1, Pages 630-635

Everyone is aware about the demonetization policy of the government by banning Rs. 500 & Rs. 1000 currency notes. One can understand that it would have a pretty bad impact on SMEs, small traders, real estate, transport sector, consumer durable goods industry. Not only these sectors but it would major affect the rural areas business as over there, majority of the transactions are made in cash. The ban of Rs. 500 and Rs. 1000 currency notes will impact those industries where hardcore cash transactions are made. Demonetization will affect the liquidity, but for a short-term Demonetization is a tool to battle Inflation, Black Money, Corruption and Crime, discourage a cash dependent economy and help trade. Its policy of the government by banning Rs. 500 and Rs.1000 currency notes has influenced all almost all the corner of the economy. Its effect on Banking Sector is significant as Bank is a center for channeling the legal tender money to all needs of the society. The biggest beneficiaries of demonetization are Banks. It made the banks to accept the deposits without any cost of promotion and drastically increased liquidity position of the banks. The present study is made out of available literature on post demonetization. It portrayed the effect of demonetization on Banking Sector. It encompassed the recent decision of the central government on Demonetization and its gradual effect on Indian banking sector.

Covid19 Impact OnTwelve Sectors Of The Indian Economy

Dr. Amar Yadav

European Journal of Molecular & Clinical Medicine, 2020, Volume 7, Issue 8, Pages 5660-5670

This study aims to investigate the reaction of COVID-19 cases (confirmed, deaths, recovered, & active) on twelve sectors of Indian economy by using sectoral indices of national stock exchange. Daily frequency of COVID-19 case categories was obtained from Worldometer from January 30, 2020 to June 30, 2020 and dataset of daily closing prices of twelve sectoral indices (auto, banks, financial services, fast moving consumer goods, information technology, media, metal, oil & gas, pharmaceutical, public sector banks, private banks, realty sector) was obtained from national stock exchange web portal for the same period as of COVID-19. In this study, the ordinary least square regression was used to study the significance of COVID-19 cases (confirmed, deaths, recovered, & active) on twelve sectoral indices. Empirical evidence suggested no significant impact of COVID-19 cases on daily returns of twelve major sectors represented by sectoral indices except in the case of pharmaceutical sector, where daily growth in number of deaths is impacting daily returns on pharmaceutical sectoral index in a positive way. The twelve sectoral indices went into a downward spiral at the beginning of COVID-19 pandemic, but as government and central bank introduced various policy measures, the impact of COVID-19 pandemic on sectoral indices faded away.