The Reserve Bank of India (RBI) has started scrutiny of nearly 3,000 companies which could be carrying out non-banking financeoperations without requisite registration, in the wake of concerns about their actual business activities.
The central bank's move comes against the backdrop of the government efforts to crackdown on entities illegally raising large amounts of money from the public.
Sources said RBI has started scrutiny of about 3,000 companies that are engaged as non-banking financial company (NBFCs) without being registered with it. The apex bank has sought details from them about their financials, including balance sheets, for the last three years, among others, sources added.
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