August 5, 2016 8:17 AM

printer

RBI portal to provide info about entities allowed to collect deposits

To curb illegal and unauthorized pooling of funds by deceitful firms, Reserve Bank of India has launched a website to help people obtain information about entities allowed to collect deposits. Speaking at the launch of the portal, sachet.rbi.org.in, RBI Governor Raghuram Rajan said that initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. The portal will facilitate filing, tracking of complaints, besides providing information about whether any particular entity is registered with any regulator or is permitted to accept deposits. The website would also help enhance coordination among regulators and state government agencies and thus be useful in curbing instances of unauthorized acceptance of deposits by unscrupulous entities.

Most Read
View All arrow-right

No posts found.