Soiled notes taking more space than usable ones, banks tell RBI

RBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'clean note policy', which includes retrieval and processing of banknotes received from currency chests and destruction of soiled banknotes in an automated manner.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3um9WYu
via IFTTT

Comments

Post a Comment

Popular posts from this blog

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank

The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT
Read more