ATMs of SBI run out of cash in Kendrapara

A gentleman, in urgent need of money to meet medical expenses, tried every ATM on a 8-Km stretch in Kendrapara but all the ATMs had run out of cash. He had to finally go to his bank to withdraw the money cross the counter.
This has been reported in telegraphindia.com dated 12 June 2016.

It seems this has become a common experience of many people in the state of Odisha - they keep making the rounds of ATMs to withdraw cash and discover "no cash" signs stuck outside. The daily requirement of cash in ATMs across the state is around Rs 250 crore and the Reserve Bank of India (RBI) is unable to meet the demands of various banks to supply the required cash. However, cash flow from RBI has now turned into a trickle - it is as low as Rs 20 crore to Rs 30 crore and this cash deficiency has hit the ATMs.
Officials of the bank are aware of the situation. There are nearly 3,000 ATMs in operation across the state and, a major portion (nearly 2400) is of SBI and most of these have run out of cash.


Image courtesy wikimediacommons.org

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