In a move to provide fresh currency notes in the State, the 21st Meeting of the Standing Committee on Currency Management (SCCM) for the state of Jharkhand was organized by the Reserve Bank of India (RBI), Patna on Friday in the State Capital.
The Standing Committee on Currency Management (SCCM) has been constituted as a forum to discuss and deliberate upon various issues and challenges faced by the stakeholders of the currency management system. The meeting was chaired by Regional Director, RBI Patna, Sanjiv Dayal.The Controlling Heads of public and private sector banks overseeing Currency Chest operations in Jharkhand attended the meeting. The meeting was moderated by General Manager, Prabhat Kumar and Deputy General Manager, Department of Currency Management, RBI Patna, Praveen Ranjan.
During the meeting, various currency-related issues such as availability of sufficient fresh notes in the State, removal of soiled notes from circulation, coin distribution in the State and others were deliberated upon. Dayal stressed upon the need for increased coordination among different stakeholders to tackle various issues involving banking operations in the state. He acknowledged that despite constraints during the COVID period, RBI and banks lived up to the challenge and made sure that good quality banknotes were available to the public. Issues raised by Banks in their routine currency operations were also extensively discussed.