RBI bars MMLF from accepting deposits
Moneylife Digital Team 19 January 2012

RBI barred non-banking financial company Money Masters Leasing & Finance (MMLF) from accepting public deposits as well as from selling, creating a charge or mortgage or dealing in any manner with property and assets for six months for violation of directions on deposit acceptance.

“It was observed during inspection of the books of account of MMLF with reference to its financial position as on...

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