Cash demand still much higher than supply

World Saturday 03/December/2016 22:15 PM
By: Times News Service
Cash demand still much higher than supply

Kolkata: Three days have passed in the new month but bankers were still finding it difficult to satisfy people before queues in need of cash, the demand of which was still much higher than supply.
Officials of a leading cash logistics company that fills 60 per cent of the state's ATMs on Saturday said that they have supplied between Rs200,000 and Rs400,000 in Rs 500 and Rs 2,000 notes in some 40 per cent of ATMs under their control.
They said it was not possible to fill cash more than once in the ATMs except a few.
However, they remained optimistic that more supply of Rs500 notes would come and ease the pressure.
Meanwhile, the scene in banks or before ATMs were as usual - long queues, but some of the ATMs remained dry.
Three persons died since Friday while standing in queues for cash in the state. A state government employee died while standing in a queue in front of an ATM booth near Bandel station in Hooghly district on Saturday. Two others suffered the same fate in two other districts of the state on Friday.