(BRBNMPL):
BRBNMPL is a wholly-owned subsidiary of the Reserve Bank of India (RBI). It was established in 1995 to manage the production of banknotes in the country.
BRBNMPL’s primary responsibility is to print banknotes, including the new design of Mahatma Gandhi (New) Series notes. It operates two printing presses, one in Mysuru, and another in Salboni.
The Mysuru press has a capacity to print 16 billion currency notes per year, while the Salboni press can print 10 billion currency notes per year.
Apart from printing currency notes for the RBI, BRBNMPL also provides printing services to foreign countries. Its subsidiary in Mysuru prints currency notes for Nepal, Sri Lanka, Bangladesh, and Bhutan.
BRBNMPL’s objective is to ensure the availability of adequate quantities of banknotes of high quality to meet the public’s demand for cash. It also aims to reduce the cost of banknote production, improve the security features of banknotes, and enhance the overall efficiency of the production process.
To achieve its objectives, BRBNMPL invests in the latest printing technology and security features. It has implemented advanced printing and inspection systems to ensure the quality of banknotes.
BRBNMPL works closely with the RBI to ensure that the banknotes are designed in a way that is difficult to counterfeit. It also continuously improves the security features of banknotes to stay ahead of counterfeiters.
BRBNMPL’s printing process is environmentally friendly. It uses renewable energy sources such as wind and solar power to reduce its carbon footprint. It also recycles waste paper and other materials used in the production process.
BRBNMPL has received several awards for its excellence in printing and quality control. It is also ISO 9001:2015 certified, which is a testament to its commitment to quality and customer satisfaction.
In summary, BRBNMPL is an important subsidiary of RBI that plays a critical role in managing the production of banknotes in the country. Its objective is to ensure the availability of high-quality banknotes to meet the public’s demand for cash, while also reducing the cost of production and improving security features.