Journal of Management Research and Analysis 2021;8(1):41–43
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Journal of Management Research and Analysis
Journal homepage: https://www.jmra.in/
Original Research Article
To assess the model for consumers approach towards online banking after
demonetization in Madhya Pradesh
Pooja Yadav
1
, Varun Yadav
2,
*
1
Dept. of Management, Renaissance University, Indore, Madhya Pradesh, India
2
Dept. of Management Management Consultant, Indore, Madhya Pradesh, India
ARTICLE INFO
Article history:
Received 31-03-2021
Accepted 05-04-2021
Available online 02-05-2021
Keywords:
Demonetization
consumer attitude
online banking
internet banking
net banking
ABSTRACT
The aim of this study is to propose a model for understanding consumer attitude towards online banking
regard to recent demonetization in India. The popular consumer behavior models like theory of planned
behavior, theory of reasoned action and technology acceptance model are reviewed for developing the
proposed model in this study. The dependent factor in the proposed model is consumer attitude towards
online banking and independent factors are demonetization knowledge, convenience, social status and
convenience. The items for the proposed constructs in the proposed model are given in this paper. This
research paper helps the scholars to use the measurement scale to study consumer attitude towards online
banking in the era of demonetization
© This is an open access article distributed under the terms of the Creative Commons Attribution
License (https://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and
reproduction in any medium, provided the original author and source are credited.
1. Introduction
The essential choice taken by Government of India (GOI) on
November eighth 2016 colossally affected every one of the
areas in India. Prior just individuals who are having through
information about PCs, web and electronic contraptions
used to perform banking exchanges in online mode
1
.
At present the public authority is empowering and some
of the time making impulse to perform online monetary
exchanges. The disposal of defilement and annihilation of
neediness and so forth are a portion of the essential purposes
behind executing demonetization in India
2
. The essential
point of this investigation is to propose a hypothetical model
for understanding customers’ demeanor towards internet
banking. In this paper the web based financial methods
utilizing portable banking, web banking and electronic asset
move through robotized teller machines (ATM). All through
this paper the terms web banking, web based banking,
online installment and electronic asset moves are utilized
conversely
3
.
* Corresponding author.
E-mail address: varuny.indore09@gmail.com (V. Yadav).
2. Literature Review
Web based banking can be alluded as utilizing web entrance
for assortment of banking administrations going from
charge installments to speculations
4
. Prior banks used to
give data about their items on their individual sites and
progressively they have offered freedom to clients for
making monetary exchange like bill installments and asset
moves and so on
5
. Internet banking is signing into an online
record with direct admittance to assets in that account. Web
banking had started in India from mid nineties and ICICI
had been pioneer with in regards to execution of Internet
Banking in 1998.
The elements like significance, intricacy, trialability,
similarity, seen hazard and direction were thought
of while considering shopper disposition towards web
banking. For understanding web banking usage
6
had
considered variables like ease of use measurement,
character measurement, security measurement, and social
impact measurements. The use of web banking is
advantageous to the two banks and buyers and it additionally
lead to cost investment funds and comfort. The components
like apparent helpfulness, convenience, social impact and
https://doi.org/10.18231/j.jmra.2021.010
2394-2762/© 2021 Innovative Publication, All rights reserved. 41