25/09/2021

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From demonetisation to Covid, every crisis is an opportunity for Rs 9000 cr SIS Group

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On November 8, 2016, Prime Minister Narendra Modi announced that the currency notes of Rs 500 and Rs 1,000 would no longer be valid. Demonetisation of about 86% of the currency in circulation sent shock waves across the country. The nation of 1.3 billion people went into a frenzy trying to find ATMs that had valid currency notes. Banks had to deal with long serpentine queues of citizens trying to replace the demonetised notes with the new Rs 500