RBI allows Sahara to accept deposits

On June 4, the RBI banned Sahara from accepting public deposits on grounds that it was not following the prescribed norms. The regulator changed its earlier decision following Supreme Court-mandated meetings with top Sahara executives on June 12 and June 16.  Sahara has been asked to submit a comprehensive business plan by August 16. Sources close to the development said the move would mean that the company, with a deposit base of around Rs 18,000 crore, may not have to wind up and could continue in a form which will be decided soon.  Sahara has been asked to repay all deposits when they mature and bring the Aggregate Liability to Depositors (ALD)