Bharatiya Reserve Bank Note Mudran (BRBNM) is a subsidiary of

Reserve Bank of India Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

which is under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as '' title'', which may be separated and held by dif ...

of Ministry of Finance of the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

. It produces Indian bank notes. It was established in 1995 to address the demand of bank notes. It 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. BRBNM supplies a major portion of bank note requirement in the country with the remaining requirements met through

Security Printing & Minting Corporation of India Limited The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is an organization under the Coin and Currency Division of the Department of Economic Affairs, Ministry of Finance. It is responsible for conducting printing and minting activi ...

(SPMCIL), a

statutory body A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being Primary and secondary legislation, empowered or deleg ...

wholly owned by Government of India. BRBNMPL has two presses in Mysuru and

Salboni Salboni (also written as Shalbani, Salbani) is a village in the Salboni CD block, in the Medinipur Sadar subdivision of the Paschim Medinipur district in the Indian state of West Bengal. Salboni is the location of one of the Reserve Bank of I ...

. The present capacity for both the presses is 16 billion note pieces per year on a two-shift basis. It made a world record by printing more than 20,000 million pieces of bank notes in financial year 2016–17, It 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 Dewas.

History

Until 1928, Indian currency was printed by

De La Rue De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that produces secure digital and physical protections for goods, trade, and identities in 140 countries. It sells to governments, central banks, and businesses. Its ...

, a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture ...

banknote manufacturing company. The Indian Security Press at

Nashik Nashik, formerly Nasik, is a city in the northern region of the Indian state of Maharashtra situated on the banks of the river Godavari, about northeast of the state capital Mumbai. Nashik is one of the Hindu pilgrimage sites of the Kumbh ...

was commissioned by the British Indian Government in the same year and assigned the responsibility of printing Indian currency.

Structure

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

References

{{Reserve Bank of India Banknote printing companies Reserve Bank of India Banknotes of India Subsidiaries of the Reserve Bank of India