Cash-crunch returns as ATMs dried up; these 4 states most affected

Neelmani Lal

Neelmani LalBy Neelmani Lal

Published on 17 April 2018 4:02 AM GMT

Cash-crunch returns as ATMs dried up; these 4 states most affected
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Lucknow: Four major states - Uttar Pradesh, Bihar, Madhya Pradesh and Gujarat are once again heading towards a serious cash-crunch, the problem very similar to the after effects of Demonetisation in 2017.

People are going home empty-handed with no cash in ATM machines located in these four states.

RBI officials, however, reportedly said that the problem is due to a huge demand during the festive season and the problem would normalize in couple of days.

Meanwhile, Uttar Pradesh Chief Minister Yogi Adityanath called for a meeting with officials to find a way out to the solution.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan said that there is an adequate flow of currency but Rs 2000 notes are vanishing from the market. He said, "I see it as a 'conspiracy' to create cash-crunch."

Neelmani Lal

Neelmani Lal

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