Its payday in India — and the banks are begging for police protection - Washington Post

NEW DELHI — It has been more than three weeks since India abruptly declared high-denomination currency bills to be invalid in its fight against corruption and counterfeit money, but the panic and desperation that the move generated have not abated.

Long queues at banks, ATMs on first pay day after demonetisation - Mid-Day

Kolkata: Young working professionals to pensioners, a large number of people queued up at banks long before the start of banking operations on Thursday morning - the first pay day after demonetisation. "Our bank accounts are refilled but our pockets ...

India's banks and ATMs run dry on pay day - Asia Times

Despite claims by India's central bank that it had stepped up the cash supply, millions of government and private sector employees failed to get paid on Thursday. There were reports of painfully long queues at banks and ATMs to draw salaries and ...

Demonetisation day 23: Cash shortage noted on payday as angry customers queue up again - Firstpost

Reeling under shortage of currency stock, banks across the country have resorted to rationing of cash in order to handle the huge payday rush at branches. Although claims were made by various banks that adequate arrangement would be in place to tide ...

Bank queues lengthen again in Kerala as payday dawns - gulfnews.com

Thiruvananthapuram: The meandering queues at bank counters and ATMs for withdrawing money lengthened again in Kerala yesterday, as tens of thousands of people rushed to withdraw money on payday. The queues had been dwindling over the past ...

Demonetisation: As people wait, banks run out of money - The Indian Express

Sources have told The Indian Express that the RBI has made adequate arrangements for pay day and there will be extra cash flow over the next few days. By: Express Web Desk | New Delhi | Updated: December 1, 2016 4:13 pm. demonetisation, payday, pay ...

No mayhem on salary day in Tripura - New Kerala

Agartala/Aizawl, Dec 1 : The crowds at banks and ATMs in Tripura on Thursday, the first salary day after demonetisation, was not as massive as feared by many. [NK India] Bank officials in Agartala said a large number of employees withdrew some money in ...

Pay day: Banks see moderate to heavy rush for cash - The Hindu

The rush for cash in banks across Mysuru on Thursday on the first pay day after demonetisation was moderate though many State Bank branches witnessed heavy rush from pensioners and salaried persons for cash withdrawals. A long queue stretched ...

Demonetisation: On big payday, banks force customers to accept less cash - Deccan Chronicle

Branches are also finding it difficult to meet the withdrawal limit of Rs 24,000 per person due to shortage of cash. Some banks are disbursing only Rs 5,000 per person while those having better cash availability are offering Rs 10,000 or Rs 12,000 per ...

Salary day: People queue up outside banks - New Kerala

New Delhi, Dec 1 : People in large numbers queued up outside banks on Thursday to withdraw cash from their first salary received after the November 8 demonetisation. [NK India] Long queues were witnessed outside most banks and functioning ATMs ...

Banks facing Pay Day test, RBI to drastically hike supply - Tehelka

While many bank branches are yet to lay their hands on the new Rs 500 notes, Rs 100 notes are in short supply too. To meet Pay Day demand, banks were advised to take police protection. Tehelka Web Desk. December 1, 2016. Print Friendly Print & Email.

From deploying mini ATMs to giving a day off, here's how firms like Infosys, VLCC are easing pay day woes - Financial Express

This is the first time when the salaried class will not be happy with the message that "salary has been credited to your account". By: FE Online | Updated: December 1, 2016 1:33 PM. IT giant Infosys, automobile maker Mahindra and Mahindra and operator ...

Cash crunch continues on 'pay day', people struggle to withdraw salaries - ABP Live

New Delhi: In spite of the Reserve Bank of India's attempt to brace up for the salary day by increasing the cash flow by four times, a huge cash crunch was still observed by people at ATMs and banks when people reached to withdraw money. In Puducherry ...

Demonetisation: Banks struggle to disburse cash on pay day - Business Today

In what is being dubbed as the biggest test of the government and RBI's preparedness to deal with post demonetisation cash crunch, banks on Thursday saw huge rush of people queuing up at branches across the country to withdraw salaries. With a huge ...

Heavy Rush For Cash At Banks, ATMs In Bengaluru - NDTV

People queue outside an ATM counter at a bank to try to withdraw money in Bangalore. Bengaluru: Braving the morning chill, hundreds of people, young and old, queued up at ATMs and banks across this tech hub on Thursday to draw cash at the earliest.

Cash crunch in India: RBI increases money supply by four times, cash crunch persists on pay-day - Northbridge Times

Cash crunch in India: Ever since the coming of demonetisation in the country, the masses have been facing the wrath of the financial crunch that accompanied the move of the scrapping of Rs 500 and Rs 1000 notes. The banks and the ATMs have been ...

From speeding up currency printing process to airlifting new notes, RBI is doing everything to ease cash crunch ... - Businessinsider India

With the ongoing cash crunch in the whole nation, the Reserve Bank of India (RBI) has decided to further increase the printing scale of new Rs 500 notes, in a hope that it will ease the situation. Banks across the country continue to face cash ...

Demonetisation pay day LIVE: From towns to villages, cash crunch crush hits India - Financial Express

People standing in the queues have complained that the ATMs constantly run out of money and stop dispensing money too frequently for comfort. Hundreds of people leave the ATMs crestfallen when they see 'no cash' outside the bank gates or ATMs.

Demonetisation in regional press: Gandhi do, Modi lo and more - Business Standard

While the government has been saying that things are under control in metros when it comes to availability of cash, rural areas still need to be served. What does the regional press say when it comes to the ground situation in the states? Here is a ...

Demonetisation: Indian government scales up printing of 500 rupee notes in bid to ease cash crunch - WION

With the RBI increasing the supply of cash, the position in bank branches and ATMs of large lenders is expected to improve substantially on Thursday. (Reuters). New Delhi, Delhi, India | Dec 1, 2016, 10.54 AM (IST). Follow Us. As the cash crunch at ...