The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
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Currency Management and<br />
Technology – Opportunities Galore<br />
Currency Management - a formidable task in India<br />
given…<br />
• the geographical size, the volume and value <strong>of</strong> notes and coins in<br />
circulation, preference for cash and currency handling practices<br />
• ...but technology <strong>of</strong>fers immense opportunities to improve<br />
performance<br />
RBI’s <strong>The</strong> Clean Note Policy (1999)<br />
Establishment <strong>of</strong> 2 state <strong>of</strong> the art currency presses<br />
Technology driven anti counterfeit measures<br />
48 fully automated Currency Verification & Processing Systems<br />
21 Shredding and Briquetting Machines<br />
INSTITUTE FOR DEVELOPMENT AND<br />
RESEARCH IN BANKING TECHNOLOGY<br />
November 4, 2004<br />
Vepa Kamesam, Chairman <strong>IDRBT</strong>