People stage road blockade in Hyderabad over cash crunch

Hyderabad, Dec 9 (IANS) Protesting the severe cash crunch, people on Friday staged a road blockade in busy Toli Chowki area here, leading to massive traffic jam on the old Mumbai highway.

The protest began at State Bank of India’s Toli Chowki branch as account holders raised an objection when the bank officials refused to give more than Rs 2,000.

People including women waiting in queue since early morning entered into an argument with bank officials. As the situation became tense, the bank staff downed the shutters.

Protesting the attitude of bank officials, people began spontaneous protest by sitting on the road. They also blocked the road by parking their two-wheelers.

The blockade led to long traffic jam on Toli Chowki-Sheikpet road in the peak morning hours. Hundreds of people going to work places were stranded.

As the road connects to IT clusters of Hitec City and Gachibowli, large number of techies were also stranded.

Senior police officials rushed there and were seen requesting the protestors to remove the road blockade.