Deposits With Manappuram – RBI Issued Warning ?

Many private bankers and financial companies are accepting deposits from the general public by offering attractive interests and other offers. and the techies are also investing a lot of their hard earned money by thinking of their future financial requirement, since there are no pension schemes like the govt servants.  Most of the times we are trusting the companies which is appearing in newspapers, TV commercials, and especially when the celebrities are promoting the brand.

But shockingly, The Times of India reported that,  The RBI ( Reserve Bank of India ) issued a warning to the general public against placing the deposits the Manappuram Finance - one of the largest ‘gold loan’ companies – a company which provides personal loans against the security of gold jewellery. ( Link Here, Dated Feb,12,2012 )

Every major malayalam medias hijacked the news, since they are getting a plenty of advertisement from such companies. but we are publishing for the interest of our tech community. so think twice before investing your money in any -unauthorized financial institutions.

News Link: http://timesofindia.indiatimes.com/business/india-business/Manappuram-raising-deposits-illegally-RBI/articleshow/11786793.cms