........."Let me emphasise that the three powers that RBI wants are already there with the RBI. It is already there in the regulation, it is there in the powers to grant the banking licences," he said. "I am sure the RBI acknowledges and appreciates the well-considered position of the Government and will take the process forward," he told reporters after inaugurating the two -day annual national banking summit (Bancon 2012) ......
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