India’s cash crunch: Six steps that led to the currency shortage 16 months after demonetisation

Scroll.in reporters fanned out across the country to uncover the reasons for the crisis.

M Rajshekhar

, 

Mridula Chari

, 

Abhishek Dey

, 

Vinita Govindarajan

 & 

Arunabh Saikia

· Apr 30, 2018 · 09:00 am

Cash crunch: Problem to be resolved in Telangana and Bihar by Friday, says SBI

The government is reportedly planning to supply an additional Rs 1,000 crore to Bihar.

Scroll Staff

· Apr 19, 2018 · 05:49 pm

Currency printing press in Nashik has run out of ink, claims workers’ union

This may have caused the shortage of currency notes in ATMs, the union’s president said.

Scroll Staff

· Apr 18, 2018 · 10:44 pm

SBI says cash availability at its ATMs has improved in last 24 hours

Former Finance Minister P Chidambaram said the currency shortage could have occurred because of people’s loss of faith in the banking system.

Scroll Staff

· Apr 18, 2018 · 09:23 pm

Reserve Bank of India steps up printing of notes, says it has sufficient cash in its vaults

The central bank said there was cash shortage in certain places because of logistical problems related to replenishing ATMs.

Scroll Staff

· Apr 17, 2018 · 08:12 pm

Cash crunch in ATMs: Opposition leaders say situation reminds them of demonetisation days

The Department of Economic Affairs said the government would increase production of Rs 500 notes by five times.

Scroll

 & 

Scroll Staff

· Apr 17, 2018 · 03:29 pm

ATMs run dry in many states, Arun Jaitley says problem due to excess cash in other areas

The Congress asked if it was a result of gross mismanagement or a deliberate ploy by the Centre.

Scroll Staff

· Apr 17, 2018 · 01:18 pm

Proposed FRDI Bill triggers cash crisis in Telangana, Andhra Pradesh: Report

Depositors are withdrawing their money because they fear that the bill will cause losses in case a bank goes bankrupt.

Scroll Staff

· Apr 05, 2018 · 12:07 pm

ATMs in Andhra Pradesh, Telangana run dry, banks in neighbouring states dispatch cash: Report

An analysis of the transactions indicated most salaried people have started withdrawing their entire salary immediately after it is credited.

Scroll Staff

· Mar 29, 2018 · 06:54 pm

‘Don’t know who benefited from note ban’, says the man who became the face of demonetisation misery

Nand Lal, 79, was photographed crying after standing in a queue outside a bank in Gurugram in November 2016.

Scroll Staff

· Nov 08, 2017 · 12:51 pm

Going cashless in rural Bengal: Watch how this village is forced to barter food

'I have never seen a money crises like this in my entire life.'

Scroll Staff

· Dec 13, 2016 · 03:00 pm

Modi may request all he wants, but India Inc. is just not ready to spend big

Battling high debt and low cash generation, Indian companies are ignoring the prime minister's calls to increase investments.

Madhura Karnik, qz.com

· Oct 08, 2015 · 08:30 pm