SEARCH

National » Andhra Pradesh

Updated: August 8, 2013 11:00 IST

Telangana stir affects banking operations in coastal AP, Rayalaseema

PTI
Comment   ·   print   ·   T  T  
People wait for their turn at an Automated Teller Machine(ATM) as most ATMs run out of cash due to the shutdown for Samaikyandhra in Ongole on Aug.04, 2013. Photo: Kommuri Srinivas
THE HINDU People wait for their turn at an Automated Teller Machine(ATM) as most ATMs run out of cash due to the shutdown for Samaikyandhra in Ongole on Aug.04, 2013. Photo: Kommuri Srinivas

The ongoing agitation against bifurcation of Andhra Pradesh has hit banking transactions worth Rs 10,000 crore in coastal Andhra and Rayalaseema regions.

Many ATMs located in the region ran dry as many banks could not refill cash amid protests.

“As per rough estimates Rs 10,000 crore worth transactions were affected during the past one week. Approximately, all banks put together there are 3,000 ATMs and 4,000 branches in coastal and Rayalaseema regions catering to public needs,” B S Rambabu, Andhra Pradesh Bank Employees Federation General Secretary said.

According to him, there are 6,000 branches with 80,000 employees across Andhra Pradesh.

When contacted, a senior official of State Bank of India admitted that there was disruption to ATM services in these two regions.

“Some places we are not able to put cash in ATMs due to security reasons. However, we make sure that cash is placed whenever is possible. Sometimes, we do that in early mornings for the convenience of our customers,” the SBI official said.

Reports said that long queues were witnessed in front of ATMs in many cities as people withdrew money from their salary accounts. But most of the ATMs located near SBI branches have cash mostly, the SBI official said.

According to data available, SBI has nearly 1,200 ATMs in the state barring Telangana.

On an average in a day, each ATM has 300 transactions with withdrawals in the range of Rs 6-7 lakhs, he said.

Banking services were affected during pro-Telangana agitations previously also.

This article is closed for comments.
Please Email the Editor
The Hindu presents the all-new Young World

Hyderabad

Visakhapatnam

Vijayawada


O
P
E
N

close

Recent Article in Andhra Pradesh

Loan waiver to add to AP’s debt burden

Govt. exploring various options to wriggle out of a dicey situation. The government in any case is prepared to borrow about Rs. 20,000 crore for implementation of ongoing welfare schemes in the budget during the year given the revenue deficit of Rs. 16,000 crore and fiscal deficit of Rs. 20,000 crore post bifurcation. »