Long queues again? ATMs go dry as many states face cash crunch: Top updates

ATMA cash crunch has been reported in several states of India — Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana. People are facing a huge monetary crisis, with a majority of automated teller machines (ATMs) running out of cash. In Bihar’s Patna several ATMs have gone ‘out of service’ causing inconvenience to the locals. Taking stock of the situation, Union Finance Minister Arun Jaitley said: “We have reviewed the currency situation in the country; there is more than adequate currency circulation and it is available with the banks… a temporary shortage caused by the sudden and unusual increase in some areas is being tackled.”
Source: Business Standard