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Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

Press Trust of India  |  Kolkata 

Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, are preparing themselves to face the huge rush that is expected to hit their branches across the state.

United (UBI) has already approached Reserve (RBI) to provide more to meet withdrawals and pensions. "We also plan to open additional counters at all our branches," CEO and MD of Pawan Bajaj told PTI.



"We are prepared to face the rush at our branches on day. We have sought additional from RBI to meet part of the demand," an official from SBI's local head office here said.

branches will open before the scheduled time to serve customers, the official said.

"We have also planned to open up special counters for senior citizens for withdrawals," he said, adding that RBI had called a meeting with various last week to discuss the issue.

Meanwhile, most ATMs across the city were either seen with shutters down or with 'No Cash' notices hung on their doors.

Largest private lender also made arrangements to meet rush of withdrawals, a bank official said.

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Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

With pay day knocking at the door, banks are preparing themselves to face the huge rush With pay day knocking at the door, are preparing themselves to face the huge rush that is expected to hit their branches across the state.

United (UBI) has already approached Reserve (RBI) to provide more to meet withdrawals and pensions. "We also plan to open additional counters at all our branches," CEO and MD of Pawan Bajaj told PTI.

"We are prepared to face the rush at our branches on day. We have sought additional from RBI to meet part of the demand," an official from SBI's local head office here said.

branches will open before the scheduled time to serve customers, the official said.

"We have also planned to open up special counters for senior citizens for withdrawals," he said, adding that RBI had called a meeting with various last week to discuss the issue.

Meanwhile, most ATMs across the city were either seen with shutters down or with 'No Cash' notices hung on their doors.

Largest private lender also made arrangements to meet rush of withdrawals, a bank official said.
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Business Standard
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Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

With pay day knocking at the door, are preparing themselves to face the huge rush that is expected to hit their branches across the state.

United (UBI) has already approached Reserve (RBI) to provide more to meet withdrawals and pensions. "We also plan to open additional counters at all our branches," CEO and MD of Pawan Bajaj told PTI.

"We are prepared to face the rush at our branches on day. We have sought additional from RBI to meet part of the demand," an official from SBI's local head office here said.

branches will open before the scheduled time to serve customers, the official said.

"We have also planned to open up special counters for senior citizens for withdrawals," he said, adding that RBI had called a meeting with various last week to discuss the issue.

Meanwhile, most ATMs across the city were either seen with shutters down or with 'No Cash' notices hung on their doors.

Largest private lender also made arrangements to meet rush of withdrawals, a bank official said.

image
Business Standard
177 22

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