Why the sudden cash crunch? Blame hoarding of Rs 2,000 notes, RBI's digital push, FRDI Bill

The association also claimed people across the country are fearful over the proposed the FRDI (Financial Resolution and Deposit Insurance) bill, 2017, which proposes to create a framework for overseeing financial institutions like banks. It said people are hoarding money, especially Rs 2000 notes, instead of depositing it in banks.
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