Cash shortage problem to be resolved by Friday, says SBI

he problem of cash crunch being faced by some states will be resolved by Friday as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said on Thursday.

Kumar said there are certain areas where there is a problem with running of ATMs and availability of cash of particular denomination.

"It is not a uniform cash crunch problem. It is there in geographies like Telangana and Bihar. We are hoping that the problem will be resolved by tomorrow because cash is in transition and it is reaching these states by today evening," Kumar told reporters here.

The finance ministry said earlier this week that there is an unusual spurt in demand in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar. In the first 13 days of the current month, the currency demand went up by Rs 45,000 crore.

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