Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is one of the subsidiaries of Reserve Bank of India which prints banknotes for Reserve Bank of India. Where is the Corporate Office of BRBNMPL?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Bengaluru
B	Kolkata
C	Hyderabad
D	New Delhi

Explanation:

Detailed explanation-1: -Two of the currency note printing presses are owned by the Government of India and two are owned by the Reserve Bank, through its wholly owned subsidiary, the Bharatiya Reserve Bank Note Mudran Ltd. (BRBNML). The government owned presses are at Nasik (Western India) and Dewas (Central India).

Detailed explanation-2: -Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), laid foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI, today (March 28, 2022) in Mysuru.

Detailed explanation-3: -Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of Reserve Bank of India which is under the ownership of Ministry of Finance of the Government of India. It mints Indian bank notes. It was established in 1995 to address the demand of bank notes and coins.

Detailed explanation-4: -Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by Reserve Bank of India (RBI) as its wholly owned subsidiary on 3rd February 1995 with a view to augmenting the production of bank notes in India to enable the RBI to bridge the gap between the supply and demand for bank notes in the country.

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