Madnesh Kumar Mishra, Joint Secretary with DFS, blamed lack of coordination among banks at districts for shortage of cash and ATMs going dry quite often.
“There is no shortage of currency but problem is that the banks at district level do not work in concerted manner. Branches lacking cash are mandated to seek cash from branches having surplus which is not happening in the State. RBI has clear guidelines and just a single permission is required,” said the official in his address to SLBC on Friday while referring to reports about districts like Sahibgunj, Palamu and other facing cash crunch more often than not. He told banks to overcome the practice especially when polls are approaching.