Illegal acceptance of deposits by various bodies and institutions has been a menace in the society.  In order to curb this, RBI has on 4th Aug 2016 launched a new WEBSITE, through which public can get the detailed information related to the bodies and institutions, who can accept deposits.  This has paved way for lodging

Following have been permitted by Reserve Bank of India, to start Asset Reconstruction Companies, Delhi Based Encore ARC Ahmedabad based CFM (backed by a Chartered Accountant) and Vishakapatnam based Maximum ARC Companies viz J.C Flowers, and Sudhir Walia were in the rejection list.  Out of the total of 14  companies who applied only three were