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Demonetisation: 42 Kerala treasuries cashless on salary-pension day

Thousands of people were left standing outside treasuries and banks after the Nov 8 demonetisation

IANS  |  Thiruvananthapuram 

Thousands of people were left standing outside treasuries and banks on the first salary-pension day after the November 8 demonetisation, as 42 state treasuries remained cashless till noon, said a Kerala minister. State Finance Minister Thomas Issac told reporters that there was no financial crunch — rather the crunch was of currency. Despite that, there were no reports of any untoward incident, he said. "Banks do not have the money to disburse.Till now, 42 state treasuries are unable to disburse money as cash did not arrive. We asked for Rs 1,000 crore from RBI to ...

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First Published: Thu, December 01 2016. 16:15 IST