ATMs full of cash as PM addresses rally
As Prime Minister Narendra Modi reached Kanpur to address his political rally on Monday, the residents of the city were happy enough to see almost every ATM full of cash. To save PM from facing any embarrassment during the rally, the Reserve Bank of India (RBI) had flew in Rs 5,000 crore in a heavily guarded cargo plane to Uttar Pradesh, which has been low on cash since high-value notes were banned over a month ago.
The currency was sent to Lucknow for further distribution throughout the network of ATMs and banks in the state. A majority of the notes sent by the RBI are in the denominations of Rs 500 and Rs 2000. The move was seen as an attempt to ensure banks had enough money to distribute to people in the state ahead of the PM’s rally in Kanpur.