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  Those who looted crores through chit funds are feeling heat of demonetisation: Parrikar

  Politics | December 05, 2016 7:34 IST

  Defence Minister Manohar Parrikar today claimed that those involved in chit fund scams were now in trouble due to the Centre's demonetisation decision.

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  Chit funds funding Maoists, opposition: Mamata

  Politics | June 26, 2013 17:40 IST

  Kolkata, June 26: West Bengal Chief Minister Mamata Banerjee Wednesday warned people against investing in chit funds and said the money was being used to fund Maoists and opposition parties."They (chit fund operators) are giving

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  Bengal government not taking action against chit funds: CPI-M

  Politics | January 26, 2013 15:47 IST

  Kolkata, Jan 25: The CPI-M Thursday accused the Trinamool Congress government in West Bengal of not taking necessary actions at the "ground level" against chit funds for duping depositors.The erstwhile Left Front government had arrested

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  RBI asks states to act against chit funds

  December 07, 2012 9:30 IST

  Kolkata, Dec 7:  The Reserve Bank of India (RBI) Thursday said it has already warned all the state governments about the mushrooming of chit funds and also written to them to take appropriate actions against