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Cash shortage News

19 Apr 2018

Cash crunch: Bank unions threaten to launch nationwide agitation

Bank employees are facing the wrath of the public for a problem created by the government and the Reserve Bank, association's general secretary C H Venkatachalam said.

19 Apr 2018

Cash crunch: SBI asks customers to withdraw cash from PoS machines

There has been an unusual spurt in demand of cash currency in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar.

18 Apr 2018

Cash crunch: Principal Economic Advisor Sanjeev Sanyal blames social media

The printing of Rs 2,000 notes has also been halted for a past few days.

18 Apr 2018

Delay in ATMs' recalibration for Rs 200 notes led to cash crunch

The RBI said shortage "may be felt" in some pockets largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway.

17 Apr 2018

Cash crunch: Government to increase production of currency notes by 5 times

Finance Minister Arun Jaitley has assured that that cash shortage is being tackled quickly.

17 Apr 2018

PM destroyed banking system: Rahul attacks govt as ATMs run dry

Customers have been queuing in large numbers outside ATMs and banks for the last few days in several cities to withdraw currency notes from vending machines, but most of them were either out of service or had a board notifying "no cash".

17 Apr 2018

ATMs run dry in many cities; cash shortage being tackled quickly, says Jaitley

Customers have been queuing in large numbers outside ATMs and banks for the last few days in several cities to withdraw currency notes from ATM machines.

17 Apr 2018

Cash crunch in parts of India as ATMs run dry; govt says solution in 3 days

Officials of several bank branches said that the banks' infrastructure is unable to handle the huge rush resulting in long serpentine queue.

India's economic growth

05 Dec 2016

India's GDP growth to slow to 6.5% in Q4

India's economic growth rate is likely to fall to 6.5 percent in the ongoing quarter and remain subdued at around 7 percent in the January-March period as cash shortage is expected to last at least until next month.

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