RBI should give details of notes supply to banks dail basis: Bank staff unions

Ahead of Reserve Bank of India's board meet on Thursday, All India Bank Officers' Association (AIBOA) and Bengal Provincial Bank Employees' Association (BPBEA) on Wednesday demanded that the apex bank should announce the details of notes supplied to respective banks publicly on a daily basis.

They staged a protest demonstration against demonetisation in front of RBI's regional office in the city and submitted a memorandum to Regional Director here.

RBI governor Urjit Patel will attend the central board meet.

"RBI should publicly announce the details of currency notes supplied by them to various currency chests/ banks on a daily basis so that the allegations that some selected banks are being favoured with more currency notes and public sector banks are discriminated can be answered properly," said AIBOA's West Bengal State Committee General Secretary Samir Banerjee.

"If RBI is not able to supply adequate cash to banks, then decision should be taken to suspend cash transactions in the bank branches till sufficient cash is supplied to banks," he said.

He said it is observed that more than 70 percent of the ATMs in the country are not working or do not have cash to dispense.

"All ATMs should be enabled to function immediately and RBI should take steps to supply adequate cash to all banks," said BPBEA General Secretary Rajen Nagar.

The banks' staff unions also asked that if the RBI has supplied enough cash to banks, then why the present ceiling of Rs 24,000 withdrawal per account per week continuing.

Further, the unions said banks are yet to get adequate quantity of Rs 500 currency notes and customers are reluctant and refusing to accept Rs 2,000 notes since they are not able to exchange the same in the market.

"Rs 100 notes that are being supplied by RBI are soiled, withdrawn notes and customers are not accepting the same," Banerjee added.

--IANS

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