Cash crunch: Major announcement by State Bank of India

For the past few days, there has been a major currency shortage in India. Responding to the issue, SBI Chairman Rajneesh Kumar said that by tonight (April 20) the problem will become rectified. He also assured that immediate action will be taken against the sudden money shortage problems in Bihar and Telangana.

Rajneesh Kumar also stated that a lot of banknotes have been sent to money deficit areas. According to the chairman, 86% of the ATMs in India are in use.