Bharatiya Reserve Bank Note Mudran

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Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly owned subsidiary of Reserve Bank of India which prints bank notes (Indian rupees) for the Reserve Bank of India (RBI). It was established in 1995 to address the demand of bank notes. The company operates in Indian and global markets, catering to security document needs of Central banks and monetary authorities of the world by designing, printing and supplying banknotes. BRBNMPL supplies a major portion of bank note requirement in the country with the remaining requirements met through Security Printing and Minting Corporation of India Limited (SPMCIL), a public sector undertaking wholly owned by Government of India.[1] BRBNMPL has two presses in Mysore and Salboni.[2] [3] The present capacity for both the presses is 16 billion note pieces per year on a 2-shift basis.

Bharatiya Reserve Bank Note Mudran Private Limited
Privately held company
Industry Mint
Founded February 3, 1995; 23 years ago (1995-02-03) in Bangalore
Headquarters Bangalore
Website https://www.brbnmpl.co.in/

The company made a world record by printing more than 20,000 million pieces of bank notes in financial year 2016-17, The company has its own design cell. It has the capability to print all the denominations of Indian bank Notes. The other two bank note presses of SPMCIL are Currency Note Press Nashik Road, and Bank Note Presses which print bank notes in small quantities.

History[edit]

Until 1928, Indian currency was printed by De La Rue, a British banknote manufacturing company. The Indian Security Press at Nashik was commissioned by the British Indian Government in the same year and assigned the responsibility of printing Indian currency. [4]

Structure[edit]

BRBNMPL is governed by a board of directors, headed by a non-executive chairman appointed by the RBI.

References[edit]

  1. ^ "Bharatiya Reserve Bank Note Mudran Private Limited" (PDF).
  2. ^ "History of BRBNMPL". BRBNMPL. Retrieved 24 May 2014.
  3. ^ Pathak (1 September 2007). The Indian Financial System: Markets, Institutions And Services, 2/E. Pearson Education India. p. 729. ISBN 978-81-7758-562-9.
  4. ^ "Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) - Facts". www.bankexamstoday.com. Retrieved 2018-04-11.