The government of India has imposed several restrictions on banking to counteract the corruption and black money in the country. The demonetization in 2016 required all residents to exchange their old currency (black money) for new bank notes that can be accounted for. The article listed below talks about the steps the government took to remove black money and the restrictions it imposed on banks to keep a majority of the money supply in the banks rather than in the hands of the people.

https://steemit.com/india/@spartan-117/future-prospects-of-india