RBI cautions public against investing in unregistered NBFIs
PrintListen to this Article
"Public are hereby cautioned not to deposit money with such unincorporated bodies. Persons depositing money with such bodies would be doing so at their own risk," RBI said in a statement.
The RBI said, "some entity, which seems to be a foreign one, is operating in India" and doing NBFIbusiness -- accepting deposits, without obtaining a Certificate of Registration from RBI.
"The RBI would like to clarify that no company by the name M/s Forex Achievements is registered as a company under the Companies Act 1956," it added.
RBI said the company is misusing the name of RBI by displaying a fake CoR on its website for collecting deposits from the public.
"The public is hereby warned to be cautious in making investments with such entities," RBI added.
Category : RBI | Comments : 0 | Hits : 351
The Supreme Court on Friday set aside the rejection of an IRS officer’s candidature for appointment as a member of the Income Tax Appellate Tribunal (ITAT), ruling that the involvement of the th...
The Reserve Bank of India (RBI) on Friday unveiled a set of liquidity-boosting measures aimed at infusing more than $23 billion (around ₹2 lakh crore) into the banking system, after review...
RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In t...
Comments