Even if bifurcation of Andhra Pradesh is the reality, Hyderabad will continue to be the financial capital of the bifurcated States. The newly created regions will be brought under the jurisdiction of the Reserve Bank of India (RBI), Hyderabad, a regulatory model that is in place in north-east and other States according to a highly placed source at the RBI. While Hyderabad is expected to be the financial capital having monetary and regulatory control, the new regional offices will take up developmental and other activities of awareness post division, according to him........
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