BANKING AFFAIRS

Detailed explanation-1: -Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by Reserve Bank of India as its wholly owned subsidiary on 3rd February 1995 for undertaking the production of bank notes in India. 5. There are several advantages in this paper mill being set up in the premises of the BRBNMPL’s press.

Detailed explanation-2: -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-3: -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-4: -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-5: -Welcome to BRBNMPL The company manages 2 Presses one at Mysore in Karnataka and the other at Salboni in West Bengal.