ATMs run cashless again; Finance Minister responded
Written by : SMTV24x7 | Tue, Apr 17, 2018, 01:16 PM
New Delhi, April 17: The Reserve Bank of India Tuesday formed a committee to tide over the cash crunch crisis that has hit a few states in the country.
Commenting on the cash crunch, Finance Minister Arun Jaitley assured hassled customers that the government will resolve the problem 'quickly'. Minister of State (MoS) for Finance SP Shukla said the Centre needs three days to fix the problem.
The problem seems to have affected ATMs in cities and towns across Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh, according to media reports.
"Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by 'sudden and unusual increase' in some areas is being tackled quickly," the finance minister tweeted on Tuesday.