RBI has launched a portal to curb illegal money pooling by firms
Q. RBI has launched a portal to curb illegal money pooling by firms called ___________.- Published on 05 Aug 16
d. None of the above
To prevent illegal and unauthorised pooling of funds by firms, RBI launched a website called sachet.rbi.org.in which alerts people regarding entities allowed to collect deposits.
- Portal will facilitate filing, tracking of complaints besides providing information about whether any particular entity is permitted to accept deposits and registered with the regulatory authority for the same.
- Sachet means the Hindi word for later and will help regulators to assist members of the public.