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BRAI |
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In order to effectively function in a coordinated manner it is now proposed to specify respective powers and functions of the Central Government, BRAI, the licensing authorities and the authorized officers, thus compartmentalizing the roles and responsibilities of each. BRAI is empowered to take over troubled or mismanaged banks and to sell off state banks or member them with healthier private institutions. According to George Chapdelaine, President and CEO, "We consider the most recent fiscal year to have been a "watershed" for BRAI. |
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