Note Ban: If City Banks are Struggling, What About Gramin Banks?

While big banks are struggling with a cash crunch, what is the situation like for the banks in villages?

As demonetisation crisis hits the country, what the situation on the ground at rural banks in India? (Photo: Reuters)

After demonetisation of Rs 500 and 1000 notes, chaos and panic has hit the country. Big banks and metro cities are struggling with a cash crunch, but what about the rural areas and the age old gramin banks in the country?

Deposits are pouring in but the banks have no cash for exchange. At one such bank in the Lalitpur area of Jhansi, the branch manager shares his problems and concerns with The Quint.