Guwahati/ 17th April’2018 (Prag News Desk):
General public are facing extreme cash crunch as ATMs in several cities are empty. Most of the ATMs are run by state as well as private banks which are reportedly running dry. The problem is being faced majorly by Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh, according to media reports.
With people withdrawing more than the cash deposits in the ATMs, the problem is due to persist for a longer period.
State banks and many other private banks have sent applications to the Apex Bank of India-Reserve Bank Of India, seeking response on the reported cash shortage. RBI has still not responded to the requests. Even after this report was published on Social Media, RBI remained unavailable for comments on the issue.
Although Finance Minister Arun Jaitley has assured the general public as well the banks that the government will resolve the problem ‘quickly’. Minister for State (MoS) for Finance SP Shukla said the Centre needs three days to fix the cash crunch problems face by the hassled customers. Separately, State bank of India (SBI) Chairman Rajnish Kumar told CNBC-TV18 that there is sufficient cash in the system.