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Currency Shortage Could Be Superficial, Says SBI Report

Friday, April 20, 2018, 8:24 AM

Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis, implying the current shortage could be "superficial", a report from State Bank of India said. Coming to withdrawals, the Q-o-Q (quarter to quarter) ATM cash withdrawal trend indicates that there has been a continuous increase in withdrawal in first, second and third quarter of 2017-18.