New Delhi, June 5 -- Currency in circulation stood at a record Rs.42.54 lakh crore as of 22 May, up nearly 12% from a year ago, according to Reserve Bank of India (RBI) data.

Yet ATM operators are warning that some machines could run short of cash.

The Confederation of ATM Industry (CATMi), which represents ATM operators, cash logistics firms and service providers, has flagged a sharp decline in cash available for ATM replenishment. According to industry estimates, operators received only 64% of their cash requirement in March and 57% in April, Business Standard reported on Friday.

So, if there is more cash in the system than ever before, why are ATMs struggling to dispense it?

According to CATMi, ATM operators needed about Rs.94,000 ...