Page 38 - Banking Finance January 2020

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received in such crimes is usually cash, which will be
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near useless for the criminal.
vii. Transaction limits will be reduced by banks, as a result BANKING FINANCE
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of less need of cash among customers. ATM cash frauds
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will be minimized, as fewer people will be using ATMs.
RBI Banking 1 Year 990
viii. It will increase revenues to the exchequer, as all the Finance Rural/Co-op 3 Year 2460
business turnover will appear in accounting books of the Stock Market Risk Management 5 Year 3825
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ix. This law will have several positive effects. It will be a ORDER FORM
panacea for eradication of black money and corruption.
It will target usage of black money rather than New Rental Subscription No.
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Thus, we observe that Government has already done a lot
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to curb the menace of corruption and black money in recent
few years but there is scope for a lot more. A few solutions Pincode :
have been suggested above but their success will depend Phone : Mobile :
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finbill2018.pdf
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38 | 2020 | JANUARY | BANKING FINANCE