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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Cash crunch hits city: ATMs go dry

Mysuru: Demonetisation blues seems to have returned to haunt the residents of Mysuru as most ATMs have gone cashless since a few days due to severe cash crunch, making people to run…

By Author
Published April 22, 2017 · 2 min read
cash crunch hits city: atms go

Mysuru: Demonetisation blues seems to have returned to haunt the residents of Mysuru as most ATMs have gone cashless since a few days due to severe cash crunch, making people to run from one ATM to another to get cash but in vain.  Security guards of most of  the ATMs in city had hung ‘No Cash’ or ‘Under Repair’ boards, which prompted the public to frantically go in search of cash or stand in queues in front of a few ATMs that had cash.

Meanwhile, Lead Bank Manager K. Shivalingaiah, speaking to SOM, confirmed the cash crunch and ATMs running out of cash. He said that due to insufficient supply, there is shortage of cash in ATMs, which is leading to ATMs running out cash very soon and added that he has spoken to Controlling Officers of all banks, who told him that they have issued indent for cash.

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