Reserve Bank of India recommended new banknote designs


Mumbai: The Central board of Reserve Bank of India (RBI) has proposes the designs of new bank note on Thursday. The central bank said in a statement, “the central board is recommending set of some designs of new bank note series to the government, which will be used at the appropriate time after the approval of the government.”

The central board of the RBI also took stock of the macroeconomic situation and reviewed issues related to cyber security and currency management at a meeting.

The central board also said that the board discussed the national and international macroeconomic scenario and also reviewed the working of specific areas of operations of RBI, including information technology and cyber security, and establishment of IT subsidiary of the RBI.

Operations relating to government's banking business, statistical and information management related activities, customer complaints in respect of banking services and currency management operations were also reviewed. 

The 557th meeting of the central board was chaired by RBI governor Raghuram Rajan. Four deputy governors and Shaktikanta Das, secretary at the economic affairs department, who is the government’s nominee director on the board, also attended the meeting.