......In Tamil Nadu, the RBI would conduct an exploratory study in one district in consultation with the State government on why people became attracted towards fraudulent schemes and the modus operandi of the operators. “We will have 11 teams comprising junior RBI officers and each team will cover two or three villages,” Subbarao said. The RBI Governor also stressed the need to sensitise police officials on the issue and the need for track disposal of seized assets of the fraudsters to repay the public deposits. Stating that the Reserve Bank Staff College in the city would draw up a training capsule, especially for senior police officials, he exhorted the State government to help the Central bank in ramping up publicity about such fraudulent schemes. “The public can complain to any regulator and all regulators will coordinate resolution of complaints among themselves,” he said.............
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