Dry run for banks, ATMs triggers cash crisis

SHONAAM TABRI DADA ITANAGAR, Apr 17: Along with various other parts of the country, the post- demonetization scenario has revisited the Capital Complex and adjoining areas with ATMs, primarily those of SBI, going ‘cashless’ to compound the misery of the people. ATMs in Itanagar, Naharlagun, NERIST and Doimukh have rarely dispensed cash for a month despite claims by officials that there is no cash crunch in the State and elsewhere in the country. People waiting at ATM for cash to be deposited by the bank officials . Amid speculations that political parties running the governments are stashing money with the 2019 LokSabha polls in mind, bank officials have blamed the crisis on non-availability of cash with the Reserve Bank of India. “RBI has not yet released the volume of cash needed, and as a result subordinate banks are finding it hard to refill the ATMs at Ganga, Doimukh, Naharlagun and Nirjuli,” Tarun Kumar Boro, SBI’s Chief Manager (Compliance an...