Bank Strike Sucks Tamil Nadu's ATMs Dry, Rs 64,000 Crore Stuck
People in urgent need of cash found themselves in dire straits on Monday as most ATMs across the State in airports, train stations and shopping districts ran out of cash by late Monday evening, the first day of the tw0-day nationwide public sector bank strike called by the United Forum for Bank Unions. The strike will continue on Tuesday.
According to C H Venkatachalam, General Secretary of the All India Bank Employees Association, many of the 7,500 ATMs in the State and over 500 ATMs in Chennai were either out of cash or scrapping the bottom by late Monday afternoon with Tuesday promising to be even more difficult.
People attempting to withdraw cash from ATMs situated at the Chennai Airport, Central Railway Station and Chennai Egmore Railway station were the first to feel the pinch, as ATMs in and around their vicinity started running out of cash. In Tamil Nadu alone, around 95,000 to 1 lakh employees stayed away from their seats, causing 90 lakh cheques worth `64,000 crore to remain uncleared. MORE: P3, P13