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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>

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