RBI asks banks to install fake currency detection machines at branches along international borders
· thehindubusinessline.com
RBI says all banknotes received by the bank to be examined for authenticity through machines, counterfeit notes should be impounded in all cases, and in no case the counterfeit note shall be returned to the tenderer or destroyed at the bank
The Reserve Bank on Friday directed banks to ensure that their branches in the districts with international borders are equipped with note authentication/sortin...