GUWAHATI, Sep 1: Chief Minister Tarun Gogoi said stringent action would be taken against the non-banking financial companies (NBFCs) and other such institutions which are raising money from the market without following the Reserve Bank of India (RBI) guidelines. The Chief Minister has also instructed the Finance Department to take action against such unauthorized NBFCs functioning in the State and make a list of such unauthorized NBFCs in the State. It may be mentioned that several NBFCs are functioning in Assam without the RBI’s nod and the Bureau of Investigation of Economic Offences (BIEO) had already started its investigation in this regard.
The Sentinel Assam
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