A division , sometimes called a business sector or business unit ( segment ), is one of the parts into which a business , organization or company is divided.
6-506: Bharatiya Reserve Bank Note Mudran ( BRBNM ) is a specialised division of Reserve Bank of India which is under the ownership of Ministry of Finance of the Government of India . It produces Indian bank notes. It was established in 1995 to address the demand of bank notes. It operates in Indian and global markets, catering to security document needs of Central banks and monetary authorities of
12-480: A two-shift basis. It made a world record by printing more than 20,000 million pieces of bank notes in financial year 2016–17, It has its own design cell. It has the capability to print all the denominations of Indian bank notes. The other two bank note presses of SPMCIL are Currency Note Press Nashik Road, and Bank Note Presses Dewas. Until 1928, Indian currency was printed by De La Rue , a British banknote manufacturing company. The Indian Security Press at Nashik
18-399: The creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate entity, business owners create and end divisions at their whim. Also, because individuals in each division are employed by the same company, it's easier to modify staffing to fit with this setup". This business-related article
24-477: The obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank . Subsidiaries are separate, distinct legal entities for the purposes of taxation , regulation and liability . For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The Houston Chronicle highlighted that
30-479: The world by designing, printing and supplying banknotes. BRBNM supplies a major portion of bank note requirement in the country with the remaining requirements met through Security Printing & Minting Corporation of India Limited (SPMCIL), a statutory body wholly owned by Government of India. BRBNMPL has two presses in Mysuru and Salboni . The present capacity for both the presses is 16 billion note pieces per year on
36-526: Was commissioned by the British Indian Government in the same year and assigned the responsibility of printing Indian currency. BRBNMPL is governed by a board of directors, headed by a non-executive director appointed by the RBI. Division (business) Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of
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