Who is to blame for ATM cash crunch? 2 to blame, says this ex FM
The cash crunch at ATMs in some parts of the country is a case of "complete mismanagement" on the part of both the RBI and the government, former finance minister Yashwant Sinha said today. He said the magnitude of the crisis is huge and the Reserve Bank did not have a back up plan to deal with such a situation.
An unusual spurt in demand for currency had led to many ATMs and banks running out of cash in Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Telangana. Image source: Reuters