Banks keeping three times more cash in network to avoid demonetisation like situation

More currency with banks is part of a strategy worked out by the finance ministry and RBI when the lockdown began almost three weeks ago and was meant to avoid any panic in the system as ATMs running out of cash post-demonetisation in 2016 was fresh in the minds of people.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3eiY2Gg