Cash shortage hits Bengaluru banks amid election buzz
Bengaluru banks face a severe cash crunch as withdrawals outpace deposits, forcing currency chests to borrow from peers. Businesses, especially in construction, are withdrawing large sums, potentially for upcoming elections. While ATMs are prioritized, ₹500 notes are scarce, prompting banks to urge customers towards digital transactions to ease the temporary disruption.
Bengaluru banks face a severe cash crunch as withdrawals outpace deposits, forcing currency chests to borrow from peers. Businesses, especially in construction, are withdrawing large sums, potentially for upcoming elections. While ATMs are prioritized, ₹500 notes are scarce, prompting banks to urge customers towards digital transactions to ease the temporary disruption.
