Unregulated Deposits: Government’s Attempt To Curb Ponzi Schemes Has Sharp Edges
A man sharpens knife. (Photographer: Prashanth Vishwanathan/Bloomberg)

Unregulated Deposits: Government’s Attempt To Curb Ponzi Schemes Has Sharp Edges

Accepting money from public is a risky business, and because of this, a heavily regulated one, too. The RBI regulates non-banking lenders, state governments regulate chit funds, and the Ministry of...
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