Amid cash shortage in rural areas of Gujarat, a bank employees forum has asked the Reserve Bank of India’s Gujarat regional office to make currency supply transparent by issuing daily statements on its supply to branch chests.
In its letter to the RBI on Wednesday, the Maha Gujarat Bank Employees Association has sought urgent intervention of the apex bank to avoid tensions in the branches due to shortage of cash.
“RBI claims that there is sufficient cash in vault and currency chest. But the ground reality is different. Surprisingly, RBI is tight-lipped over the issue,” the association claimed.
“Many banks are suffering because of inadequate supply of notes. The RBI should daily release a press statement of currency supplied to banks’ currency chest. This will avoid the wrath of customers and general public,” the letter said.