Black Mark.

Naming these institutions is part of the banks efforts to warn depositors not to part with their funds in un-regulated institutions.rn

rnEarlier in 2003 the Central Bank for the first time in history, named 27 companies for mobilising public funds without regulatory approval.rn

rnHowever, the latest warning follows an examination of the Jana-Shri Financial Corp., activities by Central Banks Non Banking Financial Institutions Supervision Department. rn

rnSources say the announcement and examination was tied to inquiries form the public. rn
rnCentral Bank on Friday warned the public that Jana-Shri Financial Corporation Company, previously named as an unauthorised deposit taking entity, was carrying on finance business in contravention of the Act governing the sector. rn