Mumbai: It is the same time of the month when people as per their cash needs either rush to banks or teller machines to withdraw money.
The Times of India on Thursday reported that the Reserve Bank of India has supplied four times more cash to the banks but the lenders are still starved of cash.
The situation prevails even twenty two days after high value notes of Rs 500 and Rs 1,000 denomination were discarded, the banks in country still grappling with cash crunch as a gigantic 86 per cent of currency in circulation were scrapped.
The TOI also reported that the central bank has scaled up its currency printing process at its Mysuru and Salboni facilities to meet the dire demand of the newly minted Rs 500 denomination notes.
The government has also accelerated printing at its Nashik and Devas India Security Press (ISP) units where workers are now working three shifts.
On Wednesday, long queues resurfaced at banks and outside teller machine kiosks as these facilities did not have cash in ample amount to disburse to customers, TOI quoted sources as saying.
