Cash Shortage

Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation

Post demonetisation, the growth in currency in circulation has not kept up with the growth in India's nominal GDP.

Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors

Amid the ongoing cash crunch in the country, tax authorities conducted 30-35 raids in Karnataka and parts of Andhra Pradesh in order to corner cash hoarders

Cash crunch: ATMs in Andhra and Telangana are nearly dry; authorities had flagged problem with New Delhi

As on date, one in every two of the nearly 3000 ATMs in Hyderabad do not have cash.

Cash crunch: Mobile wallet companies see spike in digital transactions

Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country

Cash crunch: Despite govt-RBI claims, SBI Research pegs currency shortage at Rs 70,000 cr

Even as government and Reserve Bank of India (RBI) have asserted that there is no currency shortage, SBI Research on Wednesday pegged the cash shortfall in the system at a whopping Rs 70,000 crore, which is a third of the monthly withdrawals at ATMs

Cash position across country improving; over 80 percent of 2.2 lakh ATMs operating normally, say sources

Cash position across the country is improving fast with over 80 percent of 2.2 lakh ATMs operating normally on Wednesday, official sources said.

Cash crunch: Hype surrounding digital payments blurred our view; hard currency continues to drive India

Going beyond demand and supply factors, the reason for the cash crunch could be a simple case of the RBI not printing enough notes to keep pace with demand.

Cash crunch: RBI says there's no currency shortage; vaults and currency chests are well-stocked

RBI said it is taking steps to move currency to areas which are witnessing unusually large cash withdrawals

Cash crunch: Govt to up printing of Rs 500 notes by five times; move will inject currency worth Rs 2,500 crore a day

To meet the "unusual" currency demand in the country, the government has decided to increase printing of Rs 500 notes by five times

Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency

As opposed to an average cash demand of about Rs 20,000 crore a month, "in the first 13 days of April itself there was a demand of Rs 45,000 crore