SLCC discusses

    10-Dec-2019
IMPHAL, Dec 9: The State Level Coordination Committee (SLCC) on Regulation of the Activities of Non-Banking Financial Companies was held today at Guwahati under the aegis of the Reserve Bank of India, Department of Supervision, Guwahati.
State Chief Secretary and SLCC Chairman Dr J Suresh Babu attended the meeting.
A number of agenda were discussed at the meeting including unauthorised collection of deposits by Lamjingba Nidhi Limited, M/s Birla Emporium Pvt Ltd, IRA Finance, Salai Holdings Private Limited, Panthoibi Housing Finance Limited, Senphu Finance and Korou Finance.
The meeting also discussed use of the term ‘bank’ by cooperative societies as well as unauthorised collection of deposits and non-repayment of collected money by multi-State cooperative societies.