.
Shut down SBI branches till cash flow improves, says trade union
Shut down SBI branches till cash flow improves, says trade union

IANS

Chennai, Jan 12 (IANS) 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.

© 2017 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.

For news, views and gossips, follow @IANSLIVE at Twitter. Find us on Facebook too!

Update: 12-January-2017

RELATED TOPICS

NATION



© 2017 IANS India Private Limited.
Don't forget to bookmark us! (CTRL-D)
Site designed by IANS