The Reserve Bank action on Sahara means that, over time, the company will cease to be a non-banking financial company, and morph into a diversified group that is known for a variety of other businesses.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>What has been agreed on now is the culmination of a long process that began more than five years ago, when the RBI began looking more closely into Sahara's affairs and found several problems with regard to transparency and accounting, the terms on which money was taken from the public, and the security of the public's money

P>The Reserve Bank action on Sahara means that, over time, the company will cease to be a non-banking financial company, and morph into a diversified group that is known for a variety of other businesses.

Editorial: Sahara`s future

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