Sahara, Peerless under RBI lens

"Sahara and Peerless have already conveyed to the RBI that they have complied with all regulatory directions, but the central bank doesn�t believe in what they say, said a industry source." - July 13, Business Standard. The complete article is available here.

i am suprised that the RBI believed what Sahara said till date. i guess it is too little too late.