This website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information regarding illegal acceptance of deposits, said RBI Governor Raghuram Rajan while launching the ‘Sachet’ portal.
“Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deterring entities in future from carrying out unlawful activity. I hope ‘Sachet’ would help regulators in doing this as much as it would help members of public in depositing their hard earned money with genuine companies by giving them timely information about them,” Dr Rajan said.
The website would also help enhance coordination among regulators and state government agencies.
Explaining the features of the website, Deputy Governor SS Mundra saidpeople can file and track a complaint on this website if any firm has illegally accepted money from them or defaulted in repayment of deposits.
People can also share information regarding any such entity on this portal, he said.
The website also incorporates regulations prescribed by all financial regulators that one has to follow. ‘Sachet’ also has a section for closed user group for State Level Coordination Committee (SLCCs) wherein they could share market intelligence and other information about their activities as well as agenda and minutes of meetings across the country in real time.
[“source-ndtv”]