...............Taking a cue from this huge racket, the Jharkhand government has brought over 100 non banking finance companies (NFBCs), operating in different districts of the state, under the scanner. These NFBCs have been booked in the past couple of months for violating the public deposit norms of the Reserve Bank of India (RBI) and the Security and Exchange Board of India ( SEBI). Over 20,000 people who had invested in these companies now feel cheated..........
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