Monday, June 24, 2013

RBI hurdle in Bengal savings scheme


The Reserve Bank of India’s (RBI) reluctance to let non-banking financial entities accept public deposits has put a question mark on the savings scheme West Bengal chief minister Mamata Banerjee had announced on May 9. The West Bengal government too is aware of the hurdles in launching the investment scheme that was proposed after the ponzi bubble burst to expose the Saradha Group and other deposit collecting firms.........


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