No dearth of cash, prepared to meet demand: Bankers

Banks have enough cash to meet any demand in view of nationwide lockdown and direct benefit transfer (DBT) commitments under Rs 1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana package. Clear instructions were given in this regard by finance minister Nirmala Sitharaman in a virtual meeting with heads of both public and private sector banks

Ensure cash ahead of salary day rush, banks told

With salary day drawing near, the finance ministry has asked public sector banks to ensure enough cash to meet the heightened demand across the country amid the 21-day lockdown triggered by the Covid-19 outbreak. Bank branches have been asked to remain open for facilitating withdrawal of money to be credited through DBT to farmers, old-age