The conversation between human and AI assistant.
How will the ban on Rs 500 and 1000 notes impact the Indian economy?
What about the impact on the banking sector?
The ban is expected to have a positive impact on the banking sector in the long term. It is likely to increase the usage of digital payment systems, which will benefit banks and increase their profitability. However, in the short term, the banking sector may face challenges in managing the increased workload due to the demonetization process.