All India Secretary of SyndicateBank Staff Association (SBSA) K.S. Bhat said on Wednesday that the Reserve Bank of India (RBI) should open its satellite centres either in Udupi or Mangalore to mitigate the acute shortage of fresh currency and coins.

He was speaking after inaugurating the regional meeting of the SyndicateBank Staff Association, here.

Mr. Bhat said at present the department of RBI issuing coins and fresh currencies was functioning from Bangalore. This department was supplying fresh currencies and coins to the needy banks of Dakshina Kannada, Udupi, Uttara Kannada, and northern part of Kerala.

But most of the times, either the Schedule Banks were not in the position to procure them when they needed it.

General public

Most of the ATMs were pooled with old and dilapidated currency notes. The ultimate sufferers were the general public. Besides, the grassroots level employees were facing problems at the bank counters. Hence the opening of a satellite centre at either Mangalore or Udupi would solve the problem. It would save time taken in transportation of coins and fresh currencies.

Many public sector banks were facing acute staff shortage in the coastal districts. Due to high attrition rate in SyndicateBank, the staff had to face a lot of problems. Campus recruitment was the only constructive and practical solution for the problem. The SSBA had urged the managements of the banks to recruit adequate staff before starting new branches, Mr. Bhat said.