Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
Among the other prominent faces for the ruling BJP who tasted defeat in the elections was its state president Subhash Barala.
Tiger Shroff and his sister Krishna Shroff hosted the Matrix Fight Night in Mumbai on Tuesday night.
Tandav is as mainstream and contrived as it gets, but not completely without its moments of charisma and drama, observes Sukanya Verma.
Joginder Tuteja looks at the lesser known films of these stars.
Her selfies are proof she had a fun time!
Madhuri Dixit's first Marathi production 15 August will soon be streamed on Netflix.
The hits and flops of the week.
There's a lot of action on the OTT platform this March, thanks to some interesting film and Web series coming up.
In an online chat with readers on December 14, Amit Grover, founder, Nurture Talent Academy addressed reader queries on how to be a successful entrepreneur. For those who missed the live chat, here's the unedited transcript.
Vinod Mirani gives us his weekly verdict.
The distinguished actress Shaukat Kaifi, mother to Shabana and Baba Azmi, passed away on September 22.
Presenting the best food pics shared by our readers this week.
Domestic wineries have moved from creating predominantly sweet wines in their initial years to drier, complex blends now. They also seem to be investing more in wine tourism.
Producer Raj Kumar Barjatya passed away on February 21.
Join us for a chat with Amit Grover Founder, Nurture Talent Academy on mistakes young entrepreneurs make on Thursday at 4pm!
Presenting the best food pics shared by our readers this week.
Presenting the best food pics shared by our readers this week.
Bollywood mourned designer Vikram Phadnis's mother's passing.
Take a cue from the actor on how to raise the temperature in traditional separates.
In an online chat with readers on December 19, Amit Grover, founder, Nurture Talent Academy addressed queries on how to pursue entrepreneurship.
Let's take a look around USA with south actress Raai Laxmi.
Almost the whole of Bollywood has landed in New York.
Filmmaker Ashoke Pandit hosted a wedding reception for his daughter Shaarika and son-in-law Tapas in Mumbai over the weekend.
Evergreen stars honoured at young achievers event.
It also alleged that the person occupying the high post of Prime Minister of India has been portrayed in a very belittling manner besides there are scenes in which castes have been presented as low and high and women in an insulting manner.
Kapil Sharma and his team is back but not with a bang, feels Namrata Thakker.
Get inspired by these celebs to rock your New Year party in style!
The arrest of an Indian Army Major for allegedly killing a fellow officer's wife he was "obsessed" with is not the first incident of alleged inappropriate conduct in the history of the country's armed forces. In the past, a number of such cases have hogged the limelight at different points in time. Here are some of such cases.
The Dangal gang supports its new Pataakha!
With Hansal Mehta's Scam 1992 bringing it up so interestingly, Joginder Tuteja looks back at films that have dealt in the stock market.
'If my character is kissing her love, I am okay with that.' I wouldn't do unnecessarily a bold character for the popularity.'
Check out the star arrivals
Today, turning bad seems to have trendy, as A-listers are taking the villain route.
Kapil's rival Krushna Abhishek's show The Drama Company will replace him at the 9 pm slot.
It also directed the state government to assess the compensation liable to be paid to such victims under the scheme and submit a report to the court.
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