Profit

Sahara reassures investors on RBI order

PUBLISHED ON: June 5, 2008 | Duration: 2 min, 32 sec

   
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Sahara India Financial is using all its options to limit the damage from RBI's decision to ban its deposit taking Non Banking Financial Companies (NBFC) from taking any fresh deposits. Fighting back against the order, Sahara Group has obtained a stay order from the Lucknow bench of the Allahabad High Court. The stay order will mean that RBI's order will be held in abeyance until the RBI can make its case.
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