ap7am logo

RBI questions AP over cash crunch

Sun, Apr 09, 2017, 06:22 PM
Reserve Bank of India (RBI) authorities have questioned Andhra Pradesh (AP) government over the cash crunch being faced by the State. This is after AP government has urged RBI to send more cash. In fact, AP has been allocated more money than any other state, RBI authorities said. Where has all the money gone?, they questioned. The AP treasury has just a little over Rs. 2,000 crores. Banks are not replacing cash in ATMs on regular basis. Many are withdrawing huge sums and not depositing in banks as they want to avoid the charges fixed by banks on deposits and withdrawals.
Related Video Embedded from Youtube.
View on Youtube: Full | Normal

Feedback Form

I agree to Terms of Service & Privacy Policy
Videos Chandrababu Videos KCR Videos KCR Videos KTR Videos TRS Videos Jagan Videos YSRCP Videos Pawan Kalyan Videos Chiranjeevi Videos Narendra Modi Videos Balakrishna Videos Hyderabad Videos
Most Viewed Videos