Kolkotta : The market intelligence wing of the Reserve Bank of India (RBI) has handed over to the West Bengal finance department a list of 194 dubious financial entities still collecting deposits illegally from different parts of the state.

The apex bank has also cautioned the state government that in absence of an immediate crackdown, the activities of such entities can trigger another Saradha-like financial scam.

RBI has also handed over to the state government supportive documents about these 194 dubious entities. These documents are newspaper advertisements, company brochures and pamphlets making claims of abnormally high returns and displaying pictures of politicians and celebrities endorsing the schemes to the public.