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Payday pressure no big deal, says SBI
The country's largest bank State Bank of India expects less pressure from demand for cash in payday week in December due to early withdrawals in November and customers' shift to electronic payment channels for transactions. Limited supply of currency notes from the Reserve Bank of India (RBI) remains a challenge for managing cash dispensation in rural areas. Even in urban centres, banks do not receive adequate supply of notes and run out of cash at branches and automated teller machines (ATMs).
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