Thursday, November 28, 2013

Reserve Bank of India cautions on deposits with dubious NBFCs

Fearing many  innocent investors being lured by fancy interest rates offering by NBFCs, Reserve Bank of India executives yesterday at public information campaign at Jaisingpur  in Kangra, cautioned the people from falling into such a trap. Kuldeep Singh Bhati, Assistant General Manager,  Reserve Bank of India (RBI)  advised people to resist from depositing their hard earned cash in category-B firms which carry a dubious track record. Sharing views of the RBI he said that public should hold more caution when dealing with non banking financial companies.............

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