Despite all the precautions taken before the demonetisation of Rs.500 and Rs.1000 notes, the position regarding replenishing the ATM continue to worry bankers. Despite the caution Banks find it difficult to replenish cash on regular basis and that creates lots of discomfort. With pay day coming up banks will see big rush in front of their branches unless and until the ATMs are having sufficient stock of 100s and 500s new rupee notes. RBI should play a pivotal role in providing cash sufficiently so that citizens won’t face inconvenience to withdraw their money. A punitive approach by RBI and an equally clever move by Bank branch during this crucial period will see that the difficult days are encountered without much of a problem.
(The views expressed by the author in the article are his/her own.)