Bank staff union ask for additional infrastructure to handle demonetisation

In 2015-16, as against the indent of 535 crore pieces of Rs 100 Notes, the supply received was only to the tune of 490 crore pieces, says the Union

All India Bank Employees Association (AIBEA) on Monday asked the Indian Banks' Association (IBA) to provide additional infrastructure like more terminals to be provided for branches handling heavy cash to detect fake notes as this problem is aggravated in the current process.
 

The association in a letter to the IBA said that the Reserve Bank of India (RBI) and government should be approached to allow all government departments, agencies and institutions to exchange the banned Rs 500 and Rs 1000 notes in addition to banks and post offices.

RBI should also immediately ensure adequate supply of cash in denominations of