Cash crunch still a problem for people, cashless ATMs see long queues

Updated On : 19 Apr,2018 | 20:23 PM
Opposition slammed the government over the cash crunch in ATMs and banks in several parts of the country, saying the "terror of note ban" has returned to haunt the people and dubbed the situation as a "financial emergency". Currency shortage was reported from several parts of Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Bihar and poll-bound Karnataka, among other states. Several ATMs in the national capital also saw long queues and soon ran out of cash. The shortage has been blamed on the inadequate availability of Rs 2,000 currency notes, which sources in the government said could be because of hoarding ahead of elections. Also, ATM cassettes had not been configured to dispense smaller sized Rs 200 notes.

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