The Supreme Court-appointed SIT looking into ways to tackle the black money menace had recommended establishing such a central KYC and allowing all law enforcement agencies and financial institutions to access its database. Photo: Hemant Mishra/Mint
Creditors to take control of Electrosteel Steels under new rule

Creditors to take control of Electrosteel Steels under new rule

Kolkata-based firm has outstanding debt of more than Rs9,500 crore
RBI at risk of losing autonomy?

RBI at risk of losing autonomy?

FSLRC draft gives the centre the right to appoint 4 out of 7 monetary policy committee members, and takes away the veto power of RBI governor
RBS signs pact to exit wealth management business in India

RBS signs pact to exit wealth management business in India

Bank’s plan is to follow up sale of wealth management business with that of its retail and corporate portfolio in India, says a top executive of RBS India
The rise of virtual currencies

The rise of virtual currencies

It all started with block chain, a distributed database that could authenticate transaction, and Bitcoin was born in 2009, the world’s first widely-traded crypto currency. Since then, many have followed, such as Ripple, Litecoin, etc.
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