A Minor project on Banking Sector and RBI

A minor project is a smaller-scale, short-term undertaking that typically involves limited resources and a narrower scope compared to major projects. These projects often serve as a means to achieve specific, well-defined objectives, such as improving a particular process, developing a small component, or conducting a preliminary study.

In an academic context, a minor project might involve research and practical work within a single semester, allowing students to apply theoretical knowledge to a real-world problem or experimental setup. In a professional setting, minor projects could include tasks like updating a segment of software, conducting a market analysis for a new product idea, or organizing a small event.

The key characteristics of a minor project include:
- **Limited Duration**: Usually completed within a few weeks to a few months.
- **Specific Goals**: Focused on achieving a specific outcome or addressing a particular issue.
- **Constrained Resources**: Involves a smaller team, budget, and fewer materials.
- **Lower Complexity**: Generally simpler in terms of planning and execution.
- **Learning Opportunity**: Provides a practical learning experience and a chance to develop new skills.

Overall, minor projects are essential for testing ideas, improving processes, and gaining experience without the significant investment required for larger projects.

1. A MINOR PROJECT REPORT ON A Study on Impact of Demonetization on Banking Sector Submitted in partial fulfillment of requirement of Bachelor of Business Administration BBA- II Semester (II shift) Batch 2023-2026 Submitted To : Submitted By : Dr. Preeti Singh Pushkar Midha Assistant Professor 35125501723

2. Introduction 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. As we know, the main intention behind this demonetization is to uproot parallel economy and to reap more tax revenue in the country. William Murray of the IMF expressed his opinion last year that "We see salutary benefits from the demonetisation that took place a year ago and there are potential benefits going forward," he also said that “demonetisation did cause some temporary disruptions in economic activity, primarily, private consumption and small businesses due to cash shortages But the effects are dissipating”. In this context the present study is going to analyse the impact of the demonetization process on banking sector in India. The present study has used the Descriptive methodology for it’s Research Purposes.

3. Analysis of the Demonetization Impact Increased Deposits Banks saw a surge in deposits as people exchanged their old notes, leading to liquidity challenges and the need to efficiently manage the inflow of funds. Operational Challenges Banks had to deal with long queues, increased workloads, and the need to recalibrate ATMs to handle the new currency notes. Digital Transformation The demonetization drive accelerated the adoption of digital banking and payment solutions as people sought alternatives to cash transactions.

4. Conclusion Demonetization is a tool used by central government to fight against corruption and black money. In the same path, it influenced and brought changes in all the corner of the economy. While exchanging, it disturbed temporarily and influenced its regular operations. Though it affected badly to major extent of bank operations. It is also concluded that the objective to open the Pradhan Mantri Jan Ohan Yojna Account has been realized and people used PMJDY accounts during demonetization period which will change the attitude of the customers to use physical currency and customers will shift to digital banking services which will again be helpful for the banking sector as well as customers. It was seen that the usage of mobile banking bycustomers got increase due to the unavailability of cash in the ATMS. It is observed that NEFT and RTGS both got an improvement after the demonetization.

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