..............Though Erode had witnessed similar financial frauds previously, people were less concerned about the risks involved. The greed for easy money overpowered objectivity and reasoning of even the educated class in the region,'' said RBI Chief General Manager V Vasanthan, who supervised the survey. Vasanthan and senior RBI officials were in Erode on Sunday and Monday to create awareness among women self-help groups and various farmers' bodies about fraud schemes. RBI has plans to conduct similar programmes across the state to make people aware of the risk in investing in financial institutions with questionable credentials, offering unrealistic returns..............
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