PANAJI
The said sum of Rs 1,600 crore was injected in two installments. Thanks to this, the availability of currency in Goa was reportedly much better in recent times than other States of India.
This infusion of currency resulted in lesser queues in banks and even outside ATMs. Sources also revealed that bankers had apprised the RBI of huge requirements of cash in Goa in the last week of December due to Christmas and New Year’s Eve, which even witnesses huge numbers of tourists pouring in the state.
It appears that the RBI took due cognizance of bankers’ feedback and injected cash in the system. Its positive results were evident too. Over the Christmas weekend, a number of tourists said that they found it much easier to withdraw cash from ATMs in Goa than in States they were coming from.
However, the infusion of Rs 1,600 crore by the RBI doesn’t mean that all problems related to cash crunch in Goa have come to an end.
A manager of a public sector bank said, “We still don’t have enough number of new Rs 500 notes. Due to this, we don’t put new Rs 500 notes and even Rs 100 notes in our ATMs, as they will get over too fast. We put only Rs 2,000 notes in our ATMs.”
However, many banks, including HDFC Bank, had put in Rs 500 and Rs 100 notes in ATMs alongwith Rs 2,000 notes.
Before the latest infusion of Rs 1,600 crore, the RBI had injected Rs 1,074 crore of cash in Goa since demonetisation was announced on November 8. This means that the RBI has injected cash to the tune of Rs 2,674 crore in Goa after demonetisation came into effect.
