Deputy Chief Minister Sushil Kumar Modi, who is also state Finance minister, said in a statement that Bihar government, in the wake of chit fund scam in West Bengal, has decided to keep a strict monitoring on the operation of non-banking companies.
The deputy chief minister directed principal secretary of Finance department to prepare a comprehensive dossier of non-banking financial companies functioning in Bihar. Modi also instructed the official to reassess the financial backing of these companies.
Modi who had gone to Mumbai two days back in connection with a meeting of GST, had meet SEBI chairman U K Sinha and requested him to take strict action against non banking institutions running illegally in Bihar.