PUNE: Bankers fear the prevailing cash crunch may deepen with unsoiled Rs 100 denomination notes “becoming scarce” too.
Just
like Rs 200 and Rs 2,000 notes, the Rs 100 denomination notes —
especially the ones that can fit into ATM cassettes — are in short
supply too, the bankers said. “This is happening as many of the
available Rs 100 notes are soiled and unfit to be placed in the ATMs.
Some of them even date back to the year 2005,” they added.
The
bankers urged the Reserve Bank of India (RBI) to address the issue
urgently. “The RBI should introduce new Rs 100 denomination notes
aggressively, otherwise there will be a tremendous pressure on the Rs
500 denomination notes in days ahead,” a currency manager of a public
sector bank said.
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