In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat. Causing a lot of problem to the common man, who have to return home empty-handed from ATMs.
Many ATMs around the country, not only in the rural interiors but also Suburban townships of large metros, have been facing severe cash crunch for more than ten days now, particularly larger denomination notes. Long queues and ‘no cash’ signboards have became common in many parts as depositors are queued up to withdraw as much cash as possible in what is proving to create a mini panic. The RBI has clarified that the situation has risen due to logistical issues and there is no cash crunch in the country.
Many ATMs around the country, not only in the rural interiors but also Suburban townships of large metros, have been facing severe cash crunch for more than ten days now, particularly larger denomination notes. Long queues and ‘no cash’ signboards have became common in many parts as depositors are queued up to withdraw as much cash as possible in what is proving to create a mini panic. The RBI has clarified that the situation has risen due to logistical issues and there is no cash crunch in the country.
In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
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