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The Problem of the Rupee, Its Origin and Its Solution

Note 101 — Chapter II

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It should, however, be noted that in 1860 the circulation Of notes of the three Presidency banks was larger than their current accounts, as is evident from the following:— Name of the Bank Accounts Current. Notes in in Circulation. Bank of Bengal £1,254,875 £1,283,946 Bank of Bombay £438,459 £765,234 Bank of Madras £161,959 £192,291 (Bankers' Magazine, April, 1893, p 547.)

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