Friday, December 14, 2012

Private finance firms thrive under regulators' nose

BHUBANESWAR: Rule: Every non-banking financial company (NBFC) must obtain permission from the Reserve Bank of India (RBI) to provide financial services to people. Reality: Many of the financial management firms, including chit fund companies, are operating in Bhubaneswar and other parts of the state in contravention of RBI guidelines..........

No comments: