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Printing Profits

Name: Printing Profits
Uploaded: 2023-01-01T00:00:00+00:00
Duration: 10 min
Description: The RBI, a quasi-government undertaking, raked in over Rs 2 lakh cr in profits in the last financial year. That's more than 3x of the profits of one of India’s biggest companies - Reliance. The RBI is responsible for printing currency notes and maintaining their circulation. It earns an income for performing this function, referred to as ‘Seigniorage’.

2023 • 10min • Business

Informative • Educational

The RBI, a quasi-government undertaking, raked in over Rs 2 lakh cr in profits in the last financial year. That's more than 3x of the profits of one of India’s biggest companies - Reliance. The RBI is responsible for printing currency notes and maintaining their circulation. It earns an income for performing this function, referred to as ‘Seigniorage’.