Britain has earlier slapped sanctions on Russian banks, companies, and oligarchs in response to the invasion, and agreed with the European Union and the U.S. to block some Russian banks from the SWIFT global financial messaging system.
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.
Senior bank officials said that the delay in supplying of remittances by the Reserve Bank of India (RBI) in Guwahati caused the note crisis in most of the ATMs.
A statement from the Finance Ministry confirmed reports of cash shortages and some ATMs running dry or becoming non-functional in some parts of the country.
Using the situation to his advantage, Congress president Rahul Gandhi launched an all out attack on Prime Minister Narendra Modi. Rahul accused PM Modi of destroying the banking system with his demonetisation decision.
Using the situation to his advantage, Congress president Rahul Gandhi launched an all out attack on Prime Minister Narendra Modi. Rahul accused PM Modi of destroying the banking system with his demonetisation decision.
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