Please read the post Tamilnadu has about 9000 branches in public sector and about 900 branches in private sector of which ICICI has 402 branches, AXIS has 200 branches and HDFC has 270 branches. After 8th Novemeber, 2016 till a couple of days back, RBI gave these three banks alone having only 872 branches Rs.6100 crore new currency but to all the PSBs having 9000 branches only Rs.7800 crore - i.e Rs. 7.5 crore per branch to the said three private banks and only Rs. 85 lakh per branch to the PSBs.On reading the above post, the question that ran in my mind is how the RBI could become so heartless to expose the staff of PSBs to pubic ire due to huge shortage of cash. It is an irony that banks whose customers have multiple plastic cards, net banking, mobile banking, mobile wallets etc received Rs. 7.5 crore per branch while the PSBs whose majority customers do not have any such facility received only Rs.85 lakh per branch from 9th November, 2016 till a couple of days back.. In the process, not only the customers of PSBs suffered but also the staff who faced the ire of the public, sometimes reaching life threatening proportion. As a result, police has to be deployed at many places costing the dear money of the exchequer. With daily limit ofRs.2000 at ATMS, one soon exceeds the free withdrawal limit forcing people to pay to withdraw their own money. Also the ATMs of PSBs run dry soon forcing people to use the ATMs of these three banks and make the customers of PSBs pay more. Why are CEOs of PSBs not protesting to RBI and why should the Trade unions keep quiet against thisloot by private banks enabled by RBI?
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