June 24, 2014 12:33 PM

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RBI directs banking bodies to cooperate with SIT on 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 yesterday. 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.

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