India Tries to Cool Cash-Shortage Concerns

ATMs are emptying faster than usual in parts of the country, central bank says, but it doesn’t indicate issues with any bank’s reserves

Corinne Abrams and

Debiprasad Nayak

Updated April 17, 2018 9:39 a.m. ET

MUMBAI—Indian authorities tried to cool growing public concern about a cash shortage in parts of the country, saying it would be fixed soon.

The central bank and lenders said Tuesday that ATMs in pockets of the country are emptying faster than usual as people withdraw extra cash at the start of the financial year—which began this month—and for regional festivals.

“It’s...