Cabinet extends recap plan for RRBs
New Delhi: The government on Wednesday approved extension of recapitalisation scheme for Regional Rural Banks (RRBs) for three years up to 2019-20 with an aim to strengthening their lending capacity. The decision to extend the recapitalisation scheme was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The scheme started in 2010-11 and was extended twice in 2012-13 and 2015-16 with the last extension being till March 2017. TNS
Qatar fund buys NY Plaza Hotel for $600m
New York: New York’s Plaza Hotel, in which Sahara India group has majority stakes, has been acquired by a Qatar government-owned fund for about $600 million, according to a media report on Wednesday. PTI
Confident of coming out of financial mess: Sahara
New Delhi: Embattled Sahara Group has said it is confident of getting out of financial constraints by the next fiscal and will regain a key position as a conglomerate by entering several new businesses. PTI
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