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EXPLAINED: How chit fund scams work

'Around 15 crore poor people have lost their money.' The political stand-off between West Bengal Chief Minister Mamata Banerjee and the Narendra Damodardas Modi government after a Central Bureau......

Chit fund agent dies, director commits suicide

The body count, mostly from suicides after the chit fund bubble burst, went up to 11 on Tuesday with the death of an agent and an alleged suicide by a chit fund firm director. Chit fund agent......

Centre drove depositors towards chit funds: Mamata

West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive......

Kerala couple flees Bengaluru after duping investors of Rs 50 cr

A couple hailing from Kerala and running a chit fund company in Bengaluru has fled after allegedly cheating more than 1,300 investors of over Rs 50 crore here, police said on Wednesday.......

Chit fund scam biggest challenge for Mamata's govt

With the Trinamool Congress government stepping into the third year of its rule, it is facing its biggest challenge in the multi-crore chit fund scam which has hit lakhs of people across the state.......

Crackdown on chit fund companies gathers pace in Chhattisgarh

Ghanshyam Sahu, a resident of Uparwara of Durg, sold two acres of land to invest the proceeds in a chit fund company, only to realise he had been duped. Illustration: Uttam Ghosh/Rediff.com Like......

Tollywood benefits from chit funds

‘Chit fund’ companies, as loosely called, are entrenched in the city’s film industry, popularly known as Tollywood. At present, about 30 per cent of all movies made in Tollywood......

RBI allows NRIs to invest in chit funds

Chit funds can accept subscription from NRIs on non-repatriation basis The Reserve Bank on Thursday allowed non-resident Indians (NRIs) to invest in chit funds on non-repatriation basis without any......

Unregistered chit funds having a field day

The total size of unregistered chit funds is almost Rs 30 lakh crore (Rs 30 trillion). Viswanath Prasad, a peon at a broking house in Kolkata, subscribed to a 'chit fund scheme' two months back.......

West Bengal's 'chit fund'-fuelled media boom

In the past three years, the advertising pie in Bengal has grown at least four-fold, courtesy what are loosely termed chit fund companies. Market sources, however, say none of these are actually......

Crime, Cricket, Christmas On OTT!

Sukanya Verma lists her OTT recommendations. Killers of the Flower MoonWhere to watch? Rent on Amazon Prime Video or BookMyShow StreamLanguage: English Adapted from David Grann's book......

Chit Funds

News for Chit Funds

EXPLAINED: How chit fund scams work

Chit fund agent dies, director commits suicide

Centre drove depositors towards chit funds: Mamata

Kerala couple flees Bengaluru after duping investors of Rs 50 cr

Chit fund scam biggest challenge for Mamata's govt

Crackdown on chit fund companies gathers pace in Chhattisgarh

Tollywood benefits from chit funds

RBI allows NRIs to invest in chit funds

Unregistered chit funds having a field day

West Bengal's 'chit fund'-fuelled media boom

Crime, Cricket, Christmas On OTT!

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