JK Bank admits cash crunch, advises customers not to damage cash feeding machines
Srinagar: Jammu & Kashmir Bank is facing cash crunch and the shortage of cash from Reserve Bank of India (RBI) is a reason for cash shortage in ATMs.
Confirming the cash shortage from the Reserve Bank of India a top J&K Bank official said: “we have already taken up the issue of cash crunch with the Reserve Bank of India and hope that cash flow will be restored next week. We appeal customers not to damage ATM's that lack cash”.
In reply to another question the top bank official said that a formal requisition for availability of the currency notes of higher and lower denominations put up with the Reserve Bank of India is also expected to be sorted out very soon.