scorecardresearch
Follow Us:
Tuesday, November 30, 2021

Shut down SBI branches till supply of cash normalises, says trade union

"It is better to close down the branches for some time than the staff face the ire of the public for no fault of theirs," senior vice-president of AIBOC said.

By: IANS | Chennai |
Updated: January 12, 2017 4:50:25 pm
Cash supply, demonetisation, demonetisation effects, demonetisation banks, cash crunch, cash supply, cash inflow, trade union, Trade union cash flow, SBI, SBI demonetisation, SBI cash supply, State Bank of India, India news, indian express news According to Dev, in many SBI branches cash is being rationed amongst the account holders.

State Bank of India (SBI) can shut down its branches till the supply of cash gets normalised and staff are not put to risk to face the ire of banking public, a top union leader said. “We have suggested to the SBI management to down the branch shutters till the supply of cash gets normalised. It is better to close down the branches for some time than the staff face the ire of the public for no fault of theirs,” D. Thomas Franco Rajendra Dev, Senior vice-president of the All India Bank Officers Confederation (AIBOC), told IANS.

Dev wondered how his comrades in Maharashtra, Madhya Pradesh and Chhattisgarh are saying that cash supplies there are better but such views are not heard from his comrades in other states.

“It is strange that Reserve Bank of India (RBI) is not divulging as to the amount of cash supplied state-wise and bank-wise. What is the big secrecy to be safeguarded after the cash has been distributed to states and banks?”

According to Dev, in many SBI branches cash is being rationed amongst the account holders.

The RBI has been issuing empty statements about currency supplies being comfortable and currency being sent to rural areas whereas in reality it is not so, Dev charged.

He said people in Tamil Nadu will not be able to celebrate Pongal festival properly due to cash crunch.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest India News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
0 Comment(s) *
* The moderation of comments is automated and not cleared manually by indianexpress.com.
Advertisement
Advertisement
Advertisement
Advertisement