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CASH SHORTAGE ATM
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...
- US banks rely on a 65-year-old programming language; companies are paying a premium for developers who know itA 1959 programming language, COBOL, is powering global finance and government systems. As experienced programmers retire, companies face a ...
- SBI advisory for May 25-26 bank strike: Check State Bank of India's available banking services during two-day protestSBI customers are advised to utilize digital services like ATMs, CSPs, and the Yono app as the All India State Bank of India Staff Federati...
- Many ATMs in West Bengal running short of cash due to COVID-19 restrictionsMany lenders have outsourced the exercise to such entities, who are responsible for the maintenance and operation of ATMs in the state, the...
- Cash supplies improved but cash crunch persists: BanksAn official of a big private sector bank on the condition of anonymity said that cash shortage is there in the system, however, the bank ha...
- Taxmen begin raids on hoarders of cash as Centre, RBI pump in notesIn Bihar, for instance, Rs 800-900 crore has been pumped in through the ATM network with initial assessments suggesting that the shortage m...
- Risky cash crunch pushes India to defend its scam-hit banksReasons for the crunch range from farm spending to looming elections, but its roots lie in DeMo — from where cash levels have never quite f...
- Cash situation at ATMs improving, says SBISeveral other lenders, including PNB, Canara Bank and Axis Bank claimed that cash shortage at ATMs was limited to select pockets.
- Cash crunch: ATMs are getting only 30% of cash they ask forCash levels at the ATMs had come back to the pre-demonetisation levels in March and operations were normal despite it being the last month ...
- Acute withdrawal symptoms amid cash and carry ahead of electionsIn other parts of the country, the cash crunch was not as severe as in the South, where two more states — Andhra Pradesh and Telangana — fa...
- Nothing to panic about. This is not Demonetisation 2.0: Finance ministry advisor Sanjeev SanyalThere is no threat to banking system, the problem has been identified and there is nothing to worry about, Sanjeev Sanyal insists.
- People suffering due to cash crunch while BJP flushed with currency: Sitaram YechuryAndhra Pradesh, Telangana, Madhya Pradesh, Bihar and poll-bound Karnataka have reported a shortage of currency as ATMs ran dry in some part...
- ATMs run dry across India: Here is what is happening across IndiaThere are reports of ATMs running dry from states like Delhi, Uttar Pradesh, Telangana, Andhra Pradesh, Maharashtra, Gujarat, Chhattisgarh,...
- No shortage of cash: Deputy governorThe regulator has replaced more than 100% of cash in terms of number of notes.
- 83 per cent currency remonetised so far: RBIThe government had demonetised old Rs 500 and Rs 1,000 notes on November 9, junking nearly 87 per cent of the currency in circulation.
- Cash in short supply as note crunch returnsAccording to industry insiders, ATMs are not being filled to the maximum capacity of around Rs 30 lakh because of insufficient cash supply .
- There is no shortage of currency, we are monitoring the ATMs daily: Arun JaitleyRBI has announced that the Rs 24,000 weekly cap will be enhanced to Rs 50,000 from February 20. All the limits on cash withdrawal will be r...
- Long bank weekend set to worsen cash crunchA majority of banks in the capital continued to grapple with cash shortages and restless customers. "For the past three days, the supply ha...
- Cash crunch continues at branches, RBI expects situation to improve next weekAs of now an individual can withdraw upto Rs 24000 from branches in a week which includes withdrawal of Rs 2500 from ATMs in a day.
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