Ntrforever Posted April 18, 2018 Share Posted April 18, 2018 Ra 45,000 crores has been withdrawn from the banking system in the past one month in Telangana, Andhra Pradesh and Karnataka. This has been done in a systematic and co-ordinated manner to suck cash out of the system. Demand for hard cash is usually around 20,000 cr every month and there is something fishy going on, possibly political say RBI officials. A reason being suggested is that many account holders are scared that the linking of Bank accounts with Aadhaar will happen in the near future as the hearing in SC is ending soon. RBI is investigating big withdrawals and tracking the flow of cash with income tax department. There seems to be a method in the madness and the objective is to cause panic in the banking system. Rs. 2000 notes are not coming back as deposits and government also decided not to print any more notes of that denomination as they are easy to hoard. Obviously, a group of people are hoarding these notes. Bankers say that the cash shortage started the moment Chandrababu Naidu pulled out of the NDA and KCR went hunting for partners for his third front. There is more cash in the system today than there was at the time of demonetization yet there is an artificial shortage. Link to comment Share on other sites More sharing options...
sskmaestro Posted April 18, 2018 Share Posted April 18, 2018 Basic question: if we have 10 Lakh currency available in banks, let’s say all are 500 notes, there will be 2000 notes available and you can disburse them for 500 people with 4 notes a piece. lets see what happens with 2000 notes and 500 notes as combination. I am sure people will demand for 4000 per head as common man feels to have more than one note when he with draws (psychological) so at an avg only 200-250 will get money and rest of them will wait in queues for long time. Just my thoughts! Link to comment Share on other sites More sharing options...
nivas_hyd Posted April 18, 2018 Share Posted April 18, 2018 14 minutes ago, Ntrforever said: Ra 45,000 crores has been withdrawn from the banking system in the past one month in Telangana, Andhra Pradesh and Karnataka. This has been done in a systematic and co-ordinated manner to suck cash out of the system. Demand for hard cash is usually around 20,000 cr every month and there is something fishy going on, possibly political say RBI officials. A reason being suggested is that many account holders are scared that the linking of Bank accounts with Aadhaar will happen in the near future as the hearing in SC is ending soon. RBI is investigating big withdrawals and tracking the flow of cash with income tax department. There seems to be a method in the madness and the objective is to cause panic in the banking system. Rs. 2000 notes are not coming back as deposits and government also decided not to print any more notes of that denomination as they are easy to hoard. Obviously, a group of people are hoarding these notes. Bankers say that the cash shortage started the moment Chandrababu Naidu pulled out of the NDA and KCR went hunting for partners for his third front. There is more cash in the system today than there was at the time of demonetization yet there is an artificial shortage. Then what about shortage in KA,Gujrat, MH and other states.. Incapability cover cheyyadaaniki CBN and KCR meeda tosesthunnaraaa? Link to comment Share on other sites More sharing options...
katti Posted April 18, 2018 Share Posted April 18, 2018 14 minutes ago, Ntrforever said: Ra 45,000 crores has been withdrawn from the banking system in the past one month in Telangana, Andhra Pradesh and Karnataka. This has been done in a systematic and co-ordinated manner to suck cash out of the system. Demand for hard cash is usually around 20,000 cr every month and there is something fishy going on, possibly political say RBI officials. A reason being suggested is that many account holders are scared that the linking of Bank accounts with Aadhaar will happen in the near future as the hearing in SC is ending soon. RBI is investigating big withdrawals and tracking the flow of cash with income tax department. There seems to be a method in the madness and the objective is to cause panic in the banking system. Rs. 2000 notes are not coming back as deposits and government also decided not to print any more notes of that denomination as they are easy to hoard. Obviously, a group of people are hoarding these notes. Bankers say that the cash shortage started the moment Chandrababu Naidu pulled out of the NDA and KCR went hunting for partners for his third front. There is more cash in the system today than there was at the time of demonetization yet there is an artificial shortage. What happened in MP, KA, Bihar then? Same problem in those states too. Banks can easily identify who withdrew the money Link to comment Share on other sites More sharing options...
AnnaGaru Posted April 18, 2018 Share Posted April 18, 2018 Cash withdrawl above a certain limit is to be informed ani rule undi...How come banks violating that? Link to comment Share on other sites More sharing options...
Guest Urban Legend Posted April 18, 2018 Share Posted April 18, 2018 DLM BJP Link to comment Share on other sites More sharing options...
Nandamurian Posted April 18, 2018 Share Posted April 18, 2018 asalaki banks lo 49k minchi ivvvatam lehydhu gaaa vellaki innni corres ella vastunayyii Link to comment Share on other sites More sharing options...
bnalluri Posted April 18, 2018 Share Posted April 18, 2018 Ade kadhu people started investing more on different assets and very few keeping money in their accounts India antha worst planned economy big countries lo edi undedmo manakuna economy ki enni mutual funds enni quality companies enni banks undali raka rakala experiments tho oka oraganised economy lekunda chesaru Link to comment Share on other sites More sharing options...
sreentr Posted April 18, 2018 Share Posted April 18, 2018 5 minutes ago, bnalluri said: Ade kadhu people started investing more on different assets and very few keeping money in their accounts India antha worst planned economy big countries lo edi undedmo manakuna economy ki enni mutual funds enni quality companies enni banks undali raka rakala experiments tho oka oraganised economy lekunda chesaru Lots of real estate transactions done Lot of people kept cash in homes not deposited in banks Link to comment Share on other sites More sharing options...
bnalluri Posted April 18, 2018 Share Posted April 18, 2018 1 minute ago, sreentr said: Lots of real estate transactions done Lot of people kept cash in homes not deposited in banks Yes Brother ila unchukone matti road lu unna land kuda 1 crore chesa Link to comment Share on other sites More sharing options...
nbk@myHeart Posted April 18, 2018 Share Posted April 18, 2018 Karnataka elections kosam baffas and congress batch neighbouring states lo withdrawn emo....? Link to comment Share on other sites More sharing options...
sskmaestro Posted April 18, 2018 Share Posted April 18, 2018 1 hour ago, nivas_hyd said: Then what about shortage in KA,Gujrat, MH and other states.. Incapability cover cheyyadaaniki CBN and KCR meeda tosesthunnaraaa? Brother, I mentioned general public thoughts and nothing to do with region or state. Link to comment Share on other sites More sharing options...
sskmaestro Posted April 18, 2018 Share Posted April 18, 2018 1 hour ago, katti said: What happened in MP, KA, Bihar then? Same problem in those states too. Banks can easily identify who withdrew the money Ekkadaina manishi alochana oka lagey untundi kada... instead of 1 note people prefer 2 notes (no matter even they withdraw more) Link to comment Share on other sites More sharing options...
Guest Urban Legend Posted April 19, 2018 Share Posted April 19, 2018 CBN feb 14th ye RBI governor ki arun jaffa ki letter raasadu Facing severe shortage of lower & higher denomination currency; money available in currency chests in #AP very low; majority of bank branches running out of cash everyday; currency crisis will become very serious in coming days @ncbn had alerted @arunjaitley on Feb 14, 2018 Link to comment Share on other sites More sharing options...
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