RBI has launched a portal to curb illegal money pooling by firms called ___________.
Answer: A
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.
1. 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.
2. Sachet means the Hindi word for later and will help regulators to assist members of the public.