ATM cash crunch: SBI Research says Rs 200 notes' printing a reason; updates

The report explains that a part of the reason why the shortage is being felt could be the introduction and faster-acceleration in printing Rs 200 notes

Even as government and Reserve Bank of India (RBI) asserted that there is no currency shortage, SBI Research on Wednesday pegged the cash shortfall in the system at a whopping Rs 700 billion (Rs 70,000 crore), which is a third of the monthly withdrawals at ATMs.

In a note that comes a day after reports of currency shortages made national headlines, it depended on nominal economic growth, currency with the public and the rise in digital transactions to arrive at the shortfall estimate.

A 9.8 per cent nominal GDP growth would have taken the currency available with the public to