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Lessons from Saradha scam: India needs a chit fund regulator, now
Dinesh Unnikrishnan123 •The RBI in the past has made it clear that it doesn't have the infrastructure to regulate small lenders, like chit funds.
RBI says it's working with govt to regulate shadow banking in India
Fp Archives •RBI deputy governor R Gandhi said that there needs to be an arrangement and structure for effective management.