Cash crunch in Gujarat remainds post-demonetisation days

     Written by : SMTV24x7 | Fri, Apr 13, 2018, 10:21 PM

Cash crunch in Gujarat remainds post-demonetisation days

Gandhinagar, April 13: Reminding one of the post-demonetisation days, a fortnight of cash crunch has affected Gujarat, especially the rural areas.

"We have come across instances of cash crunch and have spoken to the Reserve Bank of India. We have also instructed the Chief Secretary to be in touch with RBI officials," Gujarat Deputy Chief Minister Nitin Patel said on Friday.

The cash crunch is believed to be right from the level of currency chest, from where the cash is disbursed to various bank branches across the state.

The RBI has 257 currency chests in the Gujarat region. The cash crunch has affected the entire state but more so in the rural areas. Several nationalised and cooperative banks in the rural areas are facing the pinch, informed sources say.