According to an NDTV Profit report, the Reserve Bank of India is investigating recent ATM cash shortages following complaints of empty machines in multiple locations. The central bank has requested that lenders provide details regarding their cash reserves and clarify if ATMs in Tier-2 cities and smaller regions were intentionally kept empty. Meanwhile, banks have cited increasing operational expenses as a factor and argued that counting soiled notes in total inventory figures leads to inaccurate comparisons.
by shortkt.com✓