..........Here, I wish to mention an interesting meeting we had with the Reserve Bank of India on the “Clean Note Policy” introduced nearly a decade ago. The RBI wanted my bank to install note-counting machines, to which our answer was that the machines were expensive. The top RBI official said that rather than remitting our bank’s dividend of more than Rs.1,000 crore to the government, we could do so after ensuring our needs, such as this, first. .........
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