The Rs 35,000-crore chit fund industry – which runs mostly on cash — is living in constant fear of coming under the income tax scanner.

The CBI is running their chit fund probe in other states too, but governments in those states are not preventing the central probe agency f...

Tens of chit fund-backed production houses have vanished after scams such as Saradha and Rose Valley. Now, only two of them remain in the b...

SFIO, which comes under the Corporate Affairs Ministry, is now probing more than 140 cases pertaining to fraudulent money pooling activitie...

A total of 117 persons had deposited Rs 1.1 crore in the chit fund,the memorandum said and requested the administration to intervene and ta...

"There is no evidence of Saradha money deposited in any Bangladeshi bank, as alleged, to fund the JMB outfit", Muhith said.

The NIA has not come across any instance in its probes till date that indicates terror links in flow of funds from chit fund companies.

West Bengal Chief Minister Mamata Banerjee today hit back at the BJP chief saying "some people think they can say anything they want".

Addressing a rally in Kolkata on Sunday, BJP Chief Amit Shah had alleged that Saradha chit fund money was used in the October 2 Burdwan bla...

The chief minister demanded a probe, saying she has documents to prove that a section of the media glorified and carried their advertisemen...

The chief minister said now that they (CBI) had taken over, let it do the inquiry and return the money to the cheated investors.

The Centre today said it has no role in governing Chit fund business, which is regulated by state governments.

Buddhadeb Bhattacharjee has announced this at a function of the party mouthpiece "Ganashakti" at a function here.

Mutual funds and insurance companies have found a new ally in chit funds, a traditional savings scheme, for reaching out to small-town inve...

Nagaland, Haryana, Tripura, and Arunachal Pradesh are the other states that will come under the Act, providing a cushion for small savers w...

High interest rates coupled with cumbersome loan procedures and rigid repayment schedules are prompting small-time borrowers to join chit f...

Vishi schemes, community saving schemes popularly known as kuries outside Gujarat, and small unregistered chit funds that invest in stock m...