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Cash situation is under control; banks have adequate cash, says Bank of India

Updated : April 18, 2018 11:36:18 IST

The cash crunch situation has emerged because of certain occasions like New Year in some states, crop harvesting season, said Dinabandhu Mohapatra, MD and CEO of Bank of India .

"Cash position is very good. Banks are having adequate cash," he said.

Mohaparta assured that everything was in place and the situation would be under control withing the next two or three days.

"The government has asked to waive off cash handling charges levied by banks," he said.
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