BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is the Corporate Office of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)?
A
Mumbai
B
Kochin
C
Chennai
D
Bengaluru
Explanation: 

Detailed explanation-1: -No. 3 & 4, Ist Phase, Ist Stage, BTM Layout Bannerghatta Road, Bangalore – 560 029 Karnataka, India.

Detailed explanation-2: -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-3: -The BRBNMPL has been registered as a Private Limited Company under the Companies Act 1956 with its Registered and Corporate Office situated at Bengaluru. The company manages 2 Presses one at Mysore in Karnataka and the other at Salboni in West Bengal.

Detailed explanation-4: -Dr. Chakrabarty is also Chairman of the Bharatiya Reserve Bank Note Mudran Pvt. Ltd.

Detailed explanation-5: -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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