Business   

Shortage of coins will be addressed: RBI official

Kozhikode: Reserve Bank of India Assistant General Manager Girijavallabhan inaugurated a workshop on ‘Foreign Exchange Made Easy for Individual NRIs, Exporters and Importers’ and ‘CBDT e-payments’ organised jointly by the Malabar Chamber of Commerce (MCC) and Axis Bank here on Friday.

He said that steps would be taken to address the shortage of currency notes of small denominations and coins in the Malabar area.

He pointed out that though such notes were in abundance, lack of its proper distribution was the reason behind its shortage. The issue would be taken up with the department concerned of the Reserve Bank of India in Thiruvananthapuram.

MCC president P. Zakeer presided. R. Subramanian, vice-president and zonal treasury head, Axis Bank, Chennai; K.P. Aboobacker, honorary secretary, MCC; and S.T. Arasu, vice-president, Axis Bank, Kozhikode; were among those who spoke. Later, Mr. Girijavallabhan made a presentation on FEMA and R. Rajesh, manager (business banking), Axis Bank, made a presentation on ‘CBDT e-payments.’

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

HSBC buys majority stake in IL&FS arm
Efforts on to start work on Barh, Sipat projects
Jewellery exporters suffer from poor gold supply in South
CBC opens subsidiary
Redington recommends 35 % dividend
Shortage of coins will be addressed: RBI official
‘Preserve banks with local commitment’
Focus on ventures based on technology
Agappe Diagnostics plans diversification

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu