The conversation between human and AI assistant.
What will be the impact of the step taken to ban the 500 & 1000 rupee note on Indian economy?
What has been the effect on the banking system?
The ban has led to a surge in deposits in banks, leading to an increase in liquidity in the banking system. However, the banks are facing challenges in managing the high volume of cash deposits and withdrawals, resulting in long queues and delays in services.