Mysuru: Tomorrow is Ugadi and Mysuru is in a festive mood with people splurging on goodies and buying new clothes as it is the New Year as per the Hindu Calendar. But as if to dampen the festive spirit, most of the ATMs in city have run out of cash and even banks have reported cash shortage.
ATMs are either sporting ‘No Cash’ boards or ‘Out of Order’ display signs. However, there are no such boards in ATMs that accept cash deposits. Bank sources told Star of Mysore this morning that they were facing cash shortage since the last three months as the Reserve Bank of India (RBI) is not fulfilling their actual cash demands as per the indents submitted. The situation is aggravated now, they added.
