Hyderabad: Hyderabad city is getting the lion’s share of the currency supplied by the Reserve Bank of India while the rest of Telangana gets much less.
Telangana state has 3,000 bank branches of which 1,000, including corporate/head offices, are located within Greater Hyderabad Municipal Corporation limits.
AP and TS bank employees’ federation secretary M.S. Kumar says there is a greater demand for cash in Hyderabad than in other cities such as Warangal, Vijayawada, Visakhapatnam, Kakinada and Tirupati in both the states.
“Bankers are giving priority to customers from Hyderabad city and the nodal branches are supplying more currency to the branches in the city. This is leading to problems in rural areas and in other cities in the state,” he said. He said banks in TS are unable to issue even Rs 10,000 to each customer while in AP customers are getting cash as per the guidelines given by the RBI.
“It’s the same situation at ATMs. Nodal branches are sending cash to ATMs in the evening and the machines get empty within one hour. But there is no cash in ATMs in rural areas. The RBI should supply more currency for the convenience of customers,” he said.
