RBI CAUTION ON DEPOSIT WITH UNAUTHORIZED NBFCs
The Reserve Bank of India (RBI) issued a cautionary note warning the public not to deposit money with unauthorized non-banking finance companies (NBFCs).The RBI has put up a list of NBFCs that
are permitted to accept deposit on its website. No NBFCs outside of this list can accept deposits from
public .Doing so is clearly fraudulent & has to be investigated by law enforcement in the normal course.
are permitted to accept deposit on its website. No NBFCs outside of this list can accept deposits from
public .Doing so is clearly fraudulent & has to be investigated by law enforcement in the normal course.
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