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Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) | SBI PO Prelims & Mains Preparation - Bank Exams PDF Download
Introduction
- Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is one of the solely owned subsidiaries of the Reserve bank of India (RBI), others being Deposit Insurance and Credit Guarantee Corporation (DICGC), National Bank for Agriculture and Rural Development (NABARD) and
- National Housing Bank (NHB). It was established on 3rd-Feb-1995 with a view to yield bank notes in India and enable RBI to link the gap between the supply and demand for bank notes in the country. The BRBNMPL has been listed as a Private Limited Company under the Companies Act 1956 with its Registered and Business Office located at Bengaluru, Karnataka.
History
- The bank note printing in India started in 1928 with the formation of India Security Press at Nasik by Government of India. Until the commissioning of Nasik Press the Indian Cash Notes were got printed from Thomas De La Rue Giori of UK.
- The 2nd bank note printing press was established in Dewas (Madhya Pradesh) in 1975 by Indian government. With the growing population and economic activity, the demand for bank notes has been gradually increasing. To link the demand and supply gap, the GOI decided to establish two new bank note printing presses one at Mysuru (Karnataka) and the other at Salboni (West Bengal).
- By virtue of the provisions of 43 A of the companies Act, 1956 the Firm became a deemed Public Limited Company from 5-mar-1997. Consequent to amendment of sec 43A in Company's (Amendment) Act 2000, the Company again became a Private Limited Company w.e.f. 24th Feb 2002.
Vision of BRBNMPL: “To arise as a Global Frontrunner in pursuit of excellence providing the best in Design, printing, services & supply of banknotes & other safety documents."
Mission of BRBNMPL
BRBNMPL will work in Indian and global market catering to security document needs of Central banks and monetary authorities of the world by designing, printing and supplying banknotes and other safekeeping documents, using state-of-the-art technology, adopting world-class practices in people and process management and deploying highly consistent systems for product security and confidentiality, in order to maximize economy, efficiency, effectiveness to the satisfaction of all stake-holders, and with a deep sense of caring for the society and a proactive concern for environment as a answerable Corporate Citizen. The prevailing capacity for both the presses is 16 billion note pieces per year on a 2-shift basis.Management Board
Both the printing facilities have installed the modern "state of the art" technology in bank note printing. The machinery for the printing press has been provided by the following company.
- Mysore branch– by M/s. De La Rue Giori, now KBA Giori, Switzerland
- Salboni branch- by M/s. Komori Corporation, Japan. Both the branches are equipped with sophisticated Security Surveillance Systems.
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