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Tags archives: n-oteban

Demonetisation: Cash withdrawals decline; are Indians turning cashless or bank ATMs running out of money?

There has been a notable drop in cash withdrawals from banks and ATM branches from its peak post the demonetisation of Rs 500, Rs 1,000 notes, according to a research report by State Bank of India. According to the report, “post demonetisation (i.e. after 30th December), cash withdrawals have been declining rapidly from a peak of Rs 528 billion for the week ended 13th January to Rs 325 billion recently […]