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.
AAP leader Ashutosh said Modi's name does not match in the BA marksheet and that of the MA degree and even claimed that there were discrepancies in the year of passing as well.
A day before the Tokyo-bound Indian shooting contingent hits the range for its first training session in Croatia, Manu Bhaker's pistol will give way to a pen and the shooting gear to her study materials, as she logs in for her BA fourth semester exam.
Annamalai University, Directorate of Distance Education, invites applications for admission to various undergraduate programmes for the academic year 2006-2007.
'You taught me everything I needed to learn slowly and surely.'
A congenital impairment notwithstanding, Tokyo Paralympics silver medallist Praveen Kumar was such a sports freak in his school days that he googled about para athletics and how to participate in the paralympics.
'What is taught here is a mockery of the English language.'
He was grounded by the airline on Sunday after he tested positive for alcohol in two breath analyser (BA) tests before he was to operate Air India's New Delhi-London flight.
India-born US district judge Amit Mehta, an Obama appointee, has been assigned the justice department's crucial lawsuit against internet search giant Google.
The travel agents have demanded refunds for customers
Tarak Sinha, the Indian coach with most number of international and first-class cricketers as his disciples, died on Saturday morning after a prolonged illness.
Among the 36 new faces in Prime Minister Narendra Modi's council of ministers, eight are lawyers, four are doctors, two former IAS officers and four MBA degree holders, besides several engineers, making it an eclectic mix of professionals.
A new user-friendly app to control the beast. Automatic transmission with petrol engine. Electronic sunroof. Plus, of course, the safety elements. Rajesh Karkera/Rediff.com on what makes the new XUV300 special.
A college student who was found without clothes and severely burnt lying along a national highway in Shahjahanpur in Uttar Pradesh has claimed she was set on fire after a failed attempt to gang-rape her, police said on Wednesday.
How Shibani Bhagat plans to rewrite the rules of the Indian sneaker business.
Public sector banks (PSBs) have written off a massive Rs 8 trillion of loans in the seven years of the Narendra Modi government in office. This is more than twice the capital infused by the Bharatiya Janata Party-led government during the period. Between 2014-15 and 2020-21 (FY21), the Centre had infused Rs 3.37 trillion into PSBs. At Rs 1.06 trillion, FY19 saw the highest capital infusion.
IndiGo clearly needs to refresh its HR and training manual, says Shyamal Majumdar.
Super substitute Demba Ba slide home Chelsea's second goal to secure a semi-final place.
But other allegations against Jain, Deutsche Bank still being evaluated by the regulator
Keeping up its offensive, an Aam Aadami Party delegation on Wednesday met Delhi University Vice Chancellor demanding that they be allowed to examine records of Prime Minister Narendra Modi's BA degree but they had to return empty handed.
In the mountains of central Vietnam, a colossal pair of hands lifts a golden thread of walkway high above the clifftops, as if the mountain itself has sprouted limbs. Welcome to the Gold Bridge (Cau Vang) on Ba Na hill near Danang city, Vietnam. The new "handheld" bridge, which opened in June, has quickly become a tourist magnet with thousands flocking to the site to take a selfie with the incredible structure which appears to be held up by two giant stone hands.
Her research was focused on urban development, macro-economic reforms, industrial development, and social sector development issues in India.
'I know we will keep meeting, Appu, on gym floors that I visit, every time I listen to a song of yours and in that grin that I will always carry in my memory.'
The Rajgarh police lauded constable Digvijay Sharma's commitment towards work and advised him rest for a few days as his legs got sore muscles after travelling long hours on foot.
Chelsea snatched a dramatic late goal through Demba Ba to beat Paris St Germain 2-0 and reach the Champions League semi-finals on the away goals rule on another memorable European night at Stamford Bridge on Tuesday.
Istanbul Basaksehir's players, closely followed by their opponents Paris St Germain, walked off the pitch during a Champions League soccer game on Tuesday after the Turkish club accused a match official of racism.
Alternative Investment Fund refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign.
Global soccer body FIFA has said there is no reason for Swiss authorities to launch criminal proceedings against its president Gianni Infantino who will continue in his role as normal. Swiss authorities said on Thursday that proceedings had been launched against the current FIFA boss by a special prosecutor looking into meetings he had with Swiss Attorney General Michael Lauber. Lauber and Infantino have already denied wrongdoing.
The Institute of Hotel Management - Aurangabad (IHM-A) announces admissions to BA (Hons) in Hotel Management and BA (Hons) in Culinary Arts.
In students' register of M N College Visnagar Narendra Modi's date of birth is mentioned as August 29, 1949. In his election affidavit, he did not reveal his date of birth, but mentioned his age. His official birth date, as available in the public domain, is September 17, 1950.
A traumatic medical emergency drove physician Dr Devi, of General Hospital soap fame, to run for public office in New York.
From spending time with family to singing and making music, here's how they are keeping themselves busy.
Rediff reader Sangeeta Joshi, 49 from Jalgaon shares her story:
"We are here to welcome Modi ji for giving us new employment under pakoda yojana. We want to sell pakodas at Modi's rally, so that he knows how great it is to sell pakodas for the educated youth," a woman protester said.
Illustrious international thinkers met at the Milken Institute Global Conference 2021 and many discussions addressed the impact of the COVID-19 pandemic on the world at large.
Kanika Datta visits the Cu Chi military tunnels -- a testimony to a plucky little country's 30-year war of resistance against, first, French colonisers and, then, the US.
The unconventional music of the Nobel Laureate might have nothing connecting Indians to it, but there is a reason he has a following here, notes T C A Srinivasa Raghavan.
... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.
Joginder Tuteja points us to the busiest actresses down south.
'Even they can see through the stories on these news channels and can see how these channels keep shifting their goals: From murder, drugs, to someone missing. They are worthless goals.'
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