Bank employees urge Centre to address cash crunch issue immediately

For the past few weeks, banks in many states have been experiencing an unusual cash crunch and the public is facing innumerable problems

The bank employees' union has urged the government to take immediate action to address the cash crunch issue at banks. The employees have threatened to launch a protest iIf the government fails to address the problem.

They have also raised doubts on whether cash from banks is finding its way to states like Karnataka, where elections are scheduled on May 12.

C H Venkatachalam, General Secretary, All India Bank Employees Union (AIBEA), said that mere statements will not help much. There should be a concrete action. 

“If timely and immediate action is not taken to improve the supply of currency