ITANAGAR, Oct 22 - Expressing concern over �rise� in the cases of financial frauds via website, mobile messages, unauthorized collection of deposits, etc, Arunachal Pradesh Chief Secretary Naresh Kumar has suggested that the Reserve Bank of India (RBI) should develop a hi-tech surveillance mechanism to detect any financial crime in its initial stage and let the law enforcement authorities take actions accordingly.
He asked the RBI and other regulators to conduct awareness programmes in every nook and corner of Arunachal Pradesh in order to educate the masses about the various financial frauds to save them from being victims of financial frauds.
The Chief Secretary was chairing the Round 9 meeting of State Level Coordination Committee (SLCC) for the state of Arunachal Pradesh on regulation of non-banking financial companies (NBFCs) and un-incorporated bodies (UIBs) at his conference hall at Civil Secretariat here today. He also asked the SP (Crime) and the Secretary (Finance) to share the data on financial crimes committed in the State with the RBI.
Attending the meeting, Principal Secretary (Finance, Planning & Investment) Dr AC Verma suggested the RBI and other regulators to open stalls and participate directly or through banks in the �Sarkar Aapke Dwar� camps to disseminate the information to make public aware about unauthorized collection of deposits by various illegal entities and other related matters.
The meeting also discussed rising cases of financial frauds in various parts of the State.