The unusual spurt in currency demand since January was also met through reserves, he added. Today, Rs 16.5 lakh crore currency notes have been printed and circulated. "Have reviewed the currency situation in the country".
"The temporary shortage caused by a sudden and unusual increase in some areas is being tackled quickly", he added. The shortage of the cash in the banks specially in SBI worsened on Tuesday due to sudden rise of cash demand and short supply of cash from RBI.
Even as the SBI's Itanagar branch is struggling to temporarily address the cash crunch by remitting cash from its district branches, the crisis refuses to abate any time soon as is evident from similar reports from several parts of Andhra Pradesh, Telangana, Madhya Pradesh, Bihar, and poll-bound Karnataka.
Aparliamentary panel has called RBI Governor Urjit Patel on May 17 to answer queries on aspate of banking scams unearthed in the last few months, sources said. Deputy CM Nitin Patel, also the state finance minister, acknowledged that the banks are facing cash crunch and said that the government is in touch with the RBI to ensure enough cash is supplied to banks.
The newspaper stated that the cash released by banks to replenish ATMs dipped to around Rs 60,000 crore as of March 30 2016 from a high of Rs 71,000 crore in December 2017.
Govt has asked people not to panic, and have assured that the condition will normalize in the next 3 days.
"We have taken steps to increase the supply of currency in case the demand were to go up further. Last week, we sent cash through the RBI to North Gujarat and on Tuesday we sent currency to Surat", said J N Singh, the chief secretary of Gujarat. "The RBI has been given an indent to increase the flow of Rs 500 notes in the system", said Kumar.
The government also dismissed concerns over a lack of adequate supply of the high-value 2,000 rupee note while acknowledging early signs of hoarding.
Punjab National Bank, Bank of India and Canara Bank claimed that shortage of cash at their ATMs was limited to some regions only, and that they were dealing with the situation.
People in Hyderabad told news Agency ANI, "We have been unable to withdraw cash from ATMs as the kiosks (ATM Kiosk), in several parts of the city, have run out of cash". This time, the cash crunch is only at ATMs, suggesting a role for possible logistics issues.
One reason could be that since all the 2.2 lakh ATMs have not been recalibrated to dispense the new Rs 200 and Rs 50 notes, while at the same time Rs 2,000 notes are being phased out, cash is finding it hard to make its way to the people. One, there is a gap between supply and demand, Two, cash is king again.
While that demonetization exercise brought large sectors of the economy to a halt and hit businesses hard, India shrugged off the resulting slump to post 7.2% growth - faster than China's - in the quarter that ended in December.
Others lamented over the incident wondering how the hoodlums made their way into the Red Chambers despite security. Mr Omo-Agege after the incident returned to the Senate chamber where he attended the plenary session.
He said the officers were assembled at the rural prison as quickly as possible and went in only when it was safe to do so. This riot is one of several violent instances that has taken place at Lee County Correctional Facility in recent years.
The announcement was characterized as just one step in a series of actions planned by the USA and British government. But the finger pointing toward Moscow also comes at a moment of escalating tensions.
He is one of, if not the, biggest draws in Madison Square Garden history as he headlined and sold out the venue 188 times. On Wednesday , the pro wrestling world mourned the death of one of its most iconic trailblazers in Bruno Sammartino .
Banks gets overshadowed because he played most of his career alongside LT, but his numbers speak for themselves. Herbstreit believes Mayfield and Darnold are clearly the top two, with Rosen and then Allen trailing behind.
Patra also noted that the Congress was in power for seven years after the blasts and asked what it had done during the period. Miffed over the cancellation of the event, many Congress leaders said they would go ahead with the inauguration anyway.
He said there was a fuel leak in one of the engines when firefighters arrived and a small fire was quickly brought under control. NTSB Chairman Robert Sumwalt told a news briefing in Washington that one person had been killed, but declined to elaborate.
At the onset of the second meeting, Abe said he was able to have in-depth talks with Trump on the economy and North Korean issues. Pompeo is now the director of the Central Intelligence Agency . "Working on Trade and Military Security", he tweeted yesterday.
The release of the photos comes ahead of Israel's 70th Independence Day when Iran will also be marking it's National Army Day. The IDF has deployed increased air and ground forces in the Golan Heights to be ready for Iranian or Syrian reprisals.
Bbr Partners Llc increased its stake in Apple Inc (AAPL ) by 168.62% based on its latest 2017Q4 regulatory filing with the SEC. Royal Bank of Canada set a $203.00 price target on Apple and gave the stock a "buy" rating in a report on Tuesday, April 3rd.
Trump was of the opinion that the U.S. could weigh rejoining the deal if it improved. "ZTE made false statements to the U.S. Commerce Department announced Monday its banning of ZTE Corp., a Chinese tech firm, from buying American components.
Of course, with a new monster being added, there will be new weapons and armor sets that can be made from Kulve Taroth parts. Players will also be able to collect various Kulve Taroth materials that can be used to create shiny new armor sets.
Several hundred people sat or lay down on pavements, blocking roads leading to the parliament building and universities. On the same day, Human Rights Watch called on the authorities to "refrain from interfering into peaceful assembly".
At the time, the authority said a major transmission line was damaged while contractors were clearing vegetation. Indians shortstop Francisco Lindor , who is from Caguas, Puerto Rico, contributed with a two-run home run.
Ancient computer systems and decades-old IT infrastructure might be the main culprit behind Tuesday's tax tech catastrophe. But as a result, the IRS says taxpayers now have until midnight on Wednesday, April 18th, to file and pay.
SpaceX was coy about the reasons behind the delay, citing the additional analysis of guidance, navigation, and control systems. TESS' liftoff from Cape Canaveral Air Force Station in Florida, atop a SpaceX Falcon 9 rocket, is now due at 6:51 p.m.
Cuba's government is embracing social media as it convenes the National Assembly to elect a successor to President Raul Castro. Later, the members of the assembly will vote for president of the country, with the results expected to be announced Thursday.
The game has out-grossed the likes of Pandora, YouTube, and Hulu, and is now earning more than 1.5x as much as Candy Crush Saga . However, that would mean that the meteor will be hitting the map today, and so far there is no sign of a meteor strike.
Suarez, in 2013-14, was the most recent Liverpool player to win the award, but he shared it with Ronaldo. Asked about his golden boot chances, he replied: "There's still games to go and we'll see what happens".
We're still waiting to see Kendrick's reaction to his big win, but for now, hip-hop salutes him for his historical accomplishment. The Pulitzer board said the album was a "virtuosic song collection" that captured "the modern African American life".