Frustration of Hyderabad people is growing with each passing day as the city has been facing a severe cash crunch over the past two weeks, with several ATMs running dry.
Reportedly, almost all of the ATMs in heart of the city, localities like Panjagutta, Ameerpet, Banjara Hills and Jubilee hills, Kukatpally were either displaying ‘out of order’ boards or had their shutters pulled down, needless to say the situation in other localities. On the other hand, long queues are being reported at banks to withdraw cash.
A few violent incidents were reported yesterday where people resorted to vandalism at ATMs out of severe frustration. It may be noted that the govt. has just the other day lifted all the withdrawal limits. ‘Withdrawal limit exists or not, it doesn’t make any difference when there is no cash in ATMs,’ said an angry youth.
The reason for the sudden cash crunch in the city is not known but experts opined that the diversion of cash to the states where polls were being held could be the prime reason.
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