Fraudulous chit funds back to haunt Bengal in agricultural schemes avatar
The consumer affairs department has started a campaign against these chit funds which are operating on a small scale in various parts of Bengal.
Jun 29, 2016, 11:25 AM IST
'Wrong perception impacting chit funds business'
Distancing themselves from illicit money pooling schemes, an apex body of chit funds on Tuesday said their business has taken a big beating because of the wrong 'perception' that all deposit-taking activities are illegal.
Nov 03, 2015, 15:35 PM IST
RBI allows NRIs to invest in chit funds
The Reserve Bank Thursday allowed non-resident Indians (NRIs) to invest in chit funds on non-repatriation basis without any ceiling, a move that will encourage flow of capital into the country.
Jun 11, 2015, 18:55 PM IST
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