..........."This was communicated by the regulator to Indian Banks Association...While the project has not been scrapped, it has been kept in abeyance," said a banker. IBA is the association of bank managements. "It took a while for RBI to take the decision... that we believe is because of the importance that the UPA II government had placed on Aadhaar. It was a favourite project under Nandan Nilekani, who everyone thought was very close to the power centres. The panel's report was not made public,"
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