Notes of â¹2,000 and â¹500 reason for cash crunch: Bank body
The All India Bank Officers Confederation has said that present cash crunch is due to dependency on high-value currency notes of â¹2,000 and â¹500. It added that the shortage is a result of poor management of cash. As per RBI data, out of the total currency in circulation, â¹18.43 trillion or 90% is in â¹2,000 and â¹500 notes, it added.