June 23, 2014 8:21 PM

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RBI directs all banking bodies to provide info to SIT to unearth black money

The Reserve Bank of India has directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money.

RBI issued a notification to this effect on Monday.

The SIT under the chairmanship of former Justice M B Shah was constituted by the Narendra Modi-led government on its first day in office, in pursuance of a July 2011 Supreme Court judgment.

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