As much as 56 per cent of the merchants still do not accept digital payments because of the risks and cost of handling cash along with a fear of income loss after adopting digital payment
Sufferings of cash-starved people could continue a while longer with State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Monday saying that she expects normalcy to return to the banking system by end-February or March.
Many banks have now started witnessing shorter queues following some restrictions on exchange of scrapped Rs 500 and Rs 1,000 notes, but people were still seen waiting in frustration at ATMs due to cash scarcity.
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