The impact of demonetisation was still evident as the cash crunch continued in the city on Monday. This time, it was not just the ATMs, but also banks going dry, leaving people helpless.
It was 10 am at Corporation Bank in Rajajinagar where some angry customers took bank officials to task as they were told that the bank had run out of cash and no transactions were possible.
A few customers claimed that they had family events for which they needed money. The bank staff, however, explained that they were helpless as they had no cash. "We are at the receiving end of their wrath,'' an official said.
"I have been coming here for the past three weeks only to hear that they have no cash. When all other banks have it, why not them? Why are we denied the right of using our own money?" questioned, Sudha, a customer who visited the bank.
Meanwhile, Ranga (name changed) an octogenarian, said that he had no money. "I withdrew some cash a fortnight ago. I do not even have an ATM card. What should I do now?" he asked.
Asimilar situation prevailed in many banks in the city with people being asked to return empty handed the first day of the week.
"Last week, we got at least the Rs 2,000 notes. Now, we are told that the bank has no cash at all," said Suma, a resident of Sheshadripuram who has an account with Canara Bank. Speaking on condition of anonymity, a bank official said that there was a vast difference between the indent placed to the main branch and what they received.
"We asked for Rs 50 lakh and got only Rs 5 lakh. The situation will ease out tomorrow (Tuesday)and we are hoping that normalcy would be restored by the end of the week," said the official.
Those in need of cash for emergencies were the worst hit. KamalKhan was among the other customers waiting at Syndicate Bank near Majestic. He was worried as he had to clear his grandson's medical bills. With a cheque of Rs 25,000, he had approached the manager for help.
Even as the manager refused to react, when DHposed as a customer, an employee said that they had just enough cash to sustain them for half a day. "We do not have enough cash to put in the ATMs and hence it is dry," said the official.
It was only once last week that the banks received Rs 500 notes. Those withdrawing money on Monday continued to get it either in denominations of Rs 100 or one Rs 2,000 note.![]( "People line up in front of Vijaya Bank ATM on Infantry Road on Monday. DH Photo")
The impact of demonetisation was still evident as the cash crunch continued in the city on Monday. This time, it was not just the ATMs, but also banks going dry, leaving people helpless.
It was 10 am at Corporation Bank in Rajajinagar where some angry customers took bank officials to task as they were told that the bank had run out of cash and no transactions were possible.
A few customers claimed that they had family events for which they needed money. The bank staff, however, explained that they were helpless as they had no cash. "We are at the receiving end of their wrath,’’ an official said.
"I have been coming here for the past three weeks only to hear that they have no cash. When all other banks have it, why not them? Why are we denied the right of using our own money?” questioned, Sudha, a customer who visited the bank.
Meanwhile, Ranga (name changed) an octogenarian, said that he had no money. "I withdrew some cash a fortnight ago. I do not even have an ATM card. What should I do now?” he asked.
A similar situation prevailed in many banks in the city with people being asked to return empty handed the first day of the week.
"Last week, we got at least the Rs 2,000 notes. Now, we are told that the bank has no cash at all,” said Suma, a resident of Sheshadripuram who has an account with Canara Bank. Speaking on condition of anonymity, a bank official said that there was a vast difference between the indent placed to the main branch and what they received.
"We asked for Rs 50 lakh and got only Rs 5 lakh. The situation will ease out tomorrow (Tuesday) and we are hoping that normalcy would be restored by the end of the week,” said the official.
Those in need of cash for emergencies were the worst hit. Kamal Khan was among the other customers waiting at Syndicate Bank near Majestic. He was worried as he had to clear his grandson’s medical bills. With a cheque of Rs 25,000, he had approached the manager for help.
Even as the manager refused to react, when DH posed as a customer, an employee said that they had just enough cash to sustain them for half a day. "We do not have enough cash to put in the ATMs and hence it is dry,” said the official.
It was only once last week that the banks received Rs 500 notes. Those withdrawing money on Monday continued to get it either in denominations of Rs 100 or one Rs 2,000 note.
It was 10 am at Corporation Bank in Rajajinagar where some angry customers took bank officials to task as they were told that the bank had run out of cash and no transactions were possible.
A few customers claimed that they had family events for which they needed money. The bank staff, however, explained that they were helpless as they had no cash. "We are at the receiving end of their wrath,'' an official said.
"I have been coming here for the past three weeks only to hear that they have no cash. When all other banks have it, why not them? Why are we denied the right of using our own money?" questioned, Sudha, a customer who visited the bank.
Meanwhile, Ranga (name changed) an octogenarian, said that he had no money. "I withdrew some cash a fortnight ago. I do not even have an ATM card. What should I do now?" he asked.
Asimilar situation prevailed in many banks in the city with people being asked to return empty handed the first day of the week.
"Last week, we got at least the Rs 2,000 notes. Now, we are told that the bank has no cash at all," said Suma, a resident of Sheshadripuram who has an account with Canara Bank. Speaking on condition of anonymity, a bank official said that there was a vast difference between the indent placed to the main branch and what they received.
"We asked for Rs 50 lakh and got only Rs 5 lakh. The situation will ease out tomorrow (Tuesday)and we are hoping that normalcy would be restored by the end of the week," said the official.
Those in need of cash for emergencies were the worst hit. KamalKhan was among the other customers waiting at Syndicate Bank near Majestic. He was worried as he had to clear his grandson's medical bills. With a cheque of Rs 25,000, he had approached the manager for help.
Even as the manager refused to react, when DHposed as a customer, an employee said that they had just enough cash to sustain them for half a day. "We do not have enough cash to put in the ATMs and hence it is dry," said the official.
It was only once last week that the banks received Rs 500 notes. Those withdrawing money on Monday continued to get it either in denominations of Rs 100 or one Rs 2,000 note.
The impact of demonetisation was still evident as the cash crunch continued in the city on Monday. This time, it was not just the ATMs, but also banks going dry, leaving people helpless.It was 10 am at Corporation Bank in Rajajinagar where some angry customers took bank officials to task as they were told that the bank had run out of cash and no transactions were possible.
A few customers claimed that they had family events for which they needed money. The bank staff, however, explained that they were helpless as they had no cash. "We are at the receiving end of their wrath,’’ an official said.
"I have been coming here for the past three weeks only to hear that they have no cash. When all other banks have it, why not them? Why are we denied the right of using our own money?” questioned, Sudha, a customer who visited the bank.
Meanwhile, Ranga (name changed) an octogenarian, said that he had no money. "I withdrew some cash a fortnight ago. I do not even have an ATM card. What should I do now?” he asked.
A similar situation prevailed in many banks in the city with people being asked to return empty handed the first day of the week.
"Last week, we got at least the Rs 2,000 notes. Now, we are told that the bank has no cash at all,” said Suma, a resident of Sheshadripuram who has an account with Canara Bank. Speaking on condition of anonymity, a bank official said that there was a vast difference between the indent placed to the main branch and what they received.
"We asked for Rs 50 lakh and got only Rs 5 lakh. The situation will ease out tomorrow (Tuesday) and we are hoping that normalcy would be restored by the end of the week,” said the official.
Those in need of cash for emergencies were the worst hit. Kamal Khan was among the other customers waiting at Syndicate Bank near Majestic. He was worried as he had to clear his grandson’s medical bills. With a cheque of Rs 25,000, he had approached the manager for help.
Even as the manager refused to react, when DH posed as a customer, an employee said that they had just enough cash to sustain them for half a day. "We do not have enough cash to put in the ATMs and hence it is dry,” said the official.
It was only once last week that the banks received Rs 500 notes. Those withdrawing money on Monday continued to get it either in denominations of Rs 100 or one Rs 2,000 note.