Aurangabad, Jan 18 (KNN) In support with the All India Bank Employees Association (AIBEA), All India Bank Officers' Association (AIBOA) too said that Reserve Bank of India (RBI) has been unable to meet the demand of cash in the market.

While talking to KNN, Vice president of AIBOA said RBI has failed to meet the required demand of cash by the customers till date.

“Till date, Rs15, 40,000 crore has been deposited in the banks but only rupees 7 lakh crore is the available, due to which there is high demand of cash and banks have to bear the problems,” said Dr. Kumar Arvind, Vice President, AIBOA.

He said that RBI has been supplying cash to the private banks and public banks have been given very less to provide to customer. He stressed that such partial attitude of RBI has promoted scams.

“Major portion of the society has access to public sector banks but RBI has provided cash to the private banks. This is the main reason why there are scams has been observed in the some private banks,” claimed Dr. Arvind.

He told KNN that the association had demonstrated against the negligence of RBI towards banks.

“We also demonstrated regarding the concerned issue on January 3, 2017 across country. But the cash has not been printed yet, which has further resulted in the increase of demand,” added Dr. Arvind.

According to AIBOA, RBI should generate the details of its supply of cash since demonetization with a view to justify the situation.

“To have transparency government or RBI should generate the data with details that how much is given to which bank,” said Dr. Arvind.

On being asked about the withdrawal limit increased by RBI, Vice president of AIBOA said these are the things which RBI is doing for more than two months.

“They are making fool of public. What kind of increased limit is this, saving accounts still have the same limit of Rs 24,000 per week,” added Arvind.

He also pointed the working procedures of government and RBI, “there is no coordination between RBI and government and public is crushed between the two,” he added.

All India Bank Employees Association (AIBEA) has blamed the Reserve Bank of India, saying that the pilferage might have taken place either from its currency note press or the currency chests. The statement from AIBEA has come as the seizure of new currency notes in bulk from certain banks in raids conducted post demonetization had raised many eyebrows. (KNN)