Cash with public at record high, doubles post demonetisation figures

Yet, the proportion remains weak in terms of percentage of GDP when compared to the pre-demonetisation scenario, said the report.

Currency with the public is calculated after deducting cash with banks from total currency in circulation.

News of cash crunch across the country had emerged few months ago after which the finance ministry had said that it was taking measures with the states to ensure adequate supply of notes.

While the banks had assured that they were constantly monitoring the situation and making immense efforts to ensure the supply of currency in abundance at all ATMs.