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ATMs empty as bank stir sparks higher withdrawals
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Agencies
Friday, Aug 07,2009 12:32 Hrs
New Delhi: A number of ATMs ran out of cash in the city. While ATMs of PSU banks that are on a two-day strike went dry early in the day, some ATMs of private banks too ran out of money towards Thursday evening as PSU bank customers made a beeline for them.''It's a new situation for us,'' said a private banker. ''Now that all ATMs are linked and a customer from any bank can withdraw money from the ATM of any other bank, there was huge pressure on the ATMs of banks such as ICICI Bank and HDFC Bank.''
The banker said the problem would be temporary. ''All ATMs are monitored electronically. As soon as they run out of money, the bank sends out personnel to replenish them,'' he said. Private banks noticed higher withdrawals on Thursday and were replenishing the ATMs more frequently.
On Day 1 of the two-day strike, around 10 lakh employees of government-owned banks, which control almost 70% of banking operations in India, struck work. These banks had filled their ATMs with cash on Wednesday night. But by afternoon, they went dry.
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- ATMs empty as bank stir sparks higher withdrawals
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