Examination of Measures Taken by RBI to minimize Unauthorized Acceptance of Money Deposits by Unincorporated Entities: An Empirical Study in Karnataka State

The study is conducted to ascertain the effectiveness of the measures taken by the Reserve Bank of India as regulators against the unauthorized acceptance of deposits of money by unincorporated entities. The data was collected using a survey method via structured questionnaire in Karnataka. A total no of 100 samples were collected through Simple random sampling method and their responses were analyzed using various Percentage analysis, Chi-square test and Independent sample t test; with the aid of Microsoft Excel and SPSS software. Findings offer insight into the current status of regulatory framework and form a foundation for valuable suggestions.