Telangana IT and Industries Minister K T Rama Rao today said the cash shortage in ATMs in the state was not sudden and there were complaints for over three months as he asked the Centre not to "brush away" the issue.
"Sir, with due respect, the cash shortage in Banks & ATMs is neither sudden nor temporary. I?ve been hearing complaints for over 3 months repeatedly in Hyderabad," he said.
Rao, son of Chief Minister K Chandrashekar Rao, stated this while replying to a tweet on the matter by Union Finance Minister Arun Jaitley earlier in the day.
"Have reviewed the currency situation in the country. Overall there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ?sudden and unusual increase? in some areas is being tackled quickly,? he tweeted.
In his tweet, Rao said: "Pls have RBI & Fin Min team dig deeper & not brush away an issue that is eroding people?s confidence in banking system.?