Chaos, long queues continue at banks; many ATMs still inactive

November 11, 2016

New Delhi, Nov 11: Queues outside banks grew longer as did confusion and chaos, with all cash vending machines still not functioning despite a two-day break for stocking up new currency notes.

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People waited for hours to get the cash needed to meet their daily expenses as most prevalent higher denomination currency notes of Rs 500 and Rs 1000 were declared invalid.

ATMs, which reopened two days after Prime Minister Narendra Modi announced demonetisation of two biggest currency notes, had people queued up since early morning.

But not all of them were operating and the crowds at many of the machines grew increasingly agitated on learning that they were still inactive. Bank officials said all ATMs should start functioning by tomorrow after old notes are removed and new Rs 500 and Rs 2000 ones stocked in them.

However, withdrawal from ATMs is limited to a maximum of Rs 2,000 per card in a day up to November 18, 2016. The limit will be raised to Rs 4,000 per day per card from November 19, 2016 onwards, bankers said.

State Bank of India, the nation's largest lender, said it could take 10 days for ATM services to settle down to normal.

There are nearly 2 lakh ATMs in the country. Many of them are configured to dispense only Rs 500 or Rs 1,000 notes and cannot dispense Rs 100 or Rs 2000 notes, so they have to be reconfigured too.

Yesterday, when banks opened after a day's break, millions rushed to deposit and swap Rs 500 and Rs 1,000 notes. Only a maximum of Rs 4,000 per person was being exchanged at banks and select post offices.

Banks opened additional counters to exchange notes as also allow withdrawal from bank accounts through cheque or withdrawal slips with a ceiling of Rs 10,000 in a day within an overall limit of Rs 20,000 in a week (including withdrawals from ATMs) for the first fortnight i.e. up to November 24.

Interestingly, today is the last date for old notes to be accepted as payment for water and electricity bills, government penalties, and at state-run petrol pumps, government hospitals, metros and railway tickets.

After midnight tonight, even these utility payments would have to be done in either lower denomination currency or in new currency notes, which will add to the pressure on banks and ATMs.

Banks will work on weekend and till at least 7 pm on these days to cater to the rush.

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Comments

Jeevan
 - 
Friday, 11 Nov 2016

Reserve Bank and working finance experts behind this to be honored. Reserve bank must remove and keep away all political back staff from the dept. The ex financial adviser of Ambani is serving in Reserve Bank. Opposition and leaders like Anna Azare; Assaduddim Owaisi;Kejriwaal must join together and find out the truth and gamr behind this and bring the culprit in front of India Citizens.
Jai Hind !

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News Network
April 16,2020

Bengaluru, Apr 16: A 66-year old man from the city, became the thirteenth COVID-19 related fatality in Karnataka, Health Department officials said on Thursday.

The elderly patient from Bengaluru, who was coronavirus positive died on April 15 at Victoria Hospital in the city, officials said.

"He was referred from a private hospital and was admitted in Victoria Hospital and was on ventilator support since April 10," they added.

A 80-year old woman in Belagavi and a 65-year old man from Chikkaballapura had also died on Wednesday.

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News Network
March 26,2020

Bengaluru,  Mar 26: The nationwide lockdown in the view of coronavirus outbreak has driven some people to the edge. In Karnataka, within less than 24 hours, two cases of people creating trouble for police personnel have come to light.

On Wednesday, a middle-aged man was shot in his leg by the police after he tried to assault two police constables of Sanjaynagar police station. The police constables were identified as Manjunatha and Basavararaju.
The accused reportedly breached the check post at Bhoopasandra. He and his friends were over-speeding and performing stunts on bikes. When the policemen tried to secure them after giving them a chase, they attacked the cops.

When they were taken into custody, one of them again tried to escape and hurled stones and bricks on the cops. In order to prevent further assault, the police then fired two rounds – one in the air and the second one on his left leg.

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coastaldigest.com web desk
July 25,2020

Bengaluru, July 25: A 105-year-old person from Bengaluru’s Basaveshwar Nagar, who was under treatment for covid-19 at a hospital for past five days, breathed his last today. He was a former government account who retired in 1973. He was the oldest known covid-19 patient in the state so far.

Many members of the patient's family are said to be infected and are hospitalised at various facilities. The funeral will be overseen by two uninfected family members.

The patient 74411 died on Saturday morning at around 9 a.m., said Dr Prasanna, Managing Director of Pristine Hospital And Research Centre where the former was admitted.

“The patient was initially doing well when he admitted on July 20. He did not have significant lung changes when he was admitted. However, after three days, his blood pressure started to drop so he was put on oxygen in the ICU. Yesterday morning, with continued deterioration, he was placed on non-invasive ventilator support,” Dr Prasanna said.

“Finally, by last night, his oxygen saturation levels began to plummet abruptly and we had to intubate him for ventilator support. His condition continued to deteriorate, however. The cause of death was respiratory failure and the onset of sepsis,” he added.

Although earmarked for supplies of Remdesivir by the government, the hospital did not receive the drugs. An appeal to Dr K Sudhakar, Minister of Medical Education by the hospital staff resulted in an assurance that the medication would arrive. “However, in the end, we had to source the medication ourselves on Friday,” medical staff said.

Dr Thrilok Chandra, Head, Critical Care Support Unit (CCSU), which oversees the care of critical or vulnerable-aged Covid-19 patients, had said that Patient 74411 had been diagnosed early. “He was identified when the disease was still in the early stages in his body. He only had symptoms of Influenza-Like Illness (ILI), so the symptoms were not severe,” Dr Chandra had said.

“It’s very sad. We were rooting for him to pull through. He had no comorbidities at all. He had been bed-ridden from last year, but he was healthy. His only potential comorbidity was his advanced age,” Dr Prasanna said.

According to government data, 34% of Covid-19 fatalities in India are aged between 60 and 74 years of age. Fourteen per cent are aged above 74.

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