The conversation between human and AI assistant.
How will the banning of Rs. 500 and Rs. 1000 notes affect the economy?
How do you think it will impact the banking industry?
The banking industry will experience significant transformation as the demonetization move will encourage more people to move to digital banking. Banks will also be required to manage the influx of new accounts as the public will be opening accounts to get back their money. It will also lead to increased deposits, which is good for the banking sector.