SILCHAR, Sept 18: In order to make people know about the growing menace of chit funds, fake currency notes, deceitful SMS and the various facilities offered by the banks, ‘Banking awareness programme’ was organized by Reserve Bank of India, Guwahati, and NGO Arunodaya Sangha, at Gandhi Bhawan in Silchar on Tuesday. A host of officials of the RBI and other banks graced the occasion along with members of the NGO......
......Arpita Biswas, Deputy General Manager of RBI, who was the chief guest, said chit funds grew where the penetration of bank was less. The fake financial non banking companies were functioning without the approval of RBI. She added to say several cases of fraud had been brought to their notice. She made it clear that no non banking financial company had been given permission by RBI to raise fund or receive deposits from people.......
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