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Mobs Lock Up Bankers During India's Cash Chaos
By and
Updated on
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Most Indian employers pay salaries in the month’s first week
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Bank staff seek police protection as cash shortages continue
Bankers are bracing for long hours and angry mobs as pay day approaches in India, the first test for Prime Minister Narendra Modi’s move to invalidate almost all cash in circulation.
"Already people who are frustrated are locking branches from outside in Uttar Pradesh, Bihar and Tamil Nadu and abusing staff as enough cash is not available," said CH Venkatachalam, general secretary of the All India Bank Employees’ Association. The group has sought police protection at bank branches for the next 10 days, he added. "This is the fallout of one of the worst planned and executed government decisions in decades."
