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.
'The outrage that followed the destruction of the Babri Masjid was an inability to see the event for what it was: The rectification of a grave historical wrong, the restitution of a hurt of a people and the countering of moral injustice,' argues Vivek Gumaste.
Schools across Maharashtra resumed physical sessions for classes 5 to 12 on Monday after being shut for over a year-and-a-half in the wake of the COVID-19 pandemic, with students being welcomed back on campuses with flowers, balloons, sanitisers and social distancing protocols.
Rediff.com's Hitesh Harisinghani and Ashish Narsale give us a sneak peak into some of its latest features from its launch event in Bengaluru.
The new iMac, two iPads and iPhone 12 and 12 Mini will be open for ordering starting April 30, just like in the US, the UK, China and Japan.
'The PM of India was 20 km away from the Pakistan border and he is one of the persons under extreme threat from that country and they put his life in danger.'
Chappell also went on to say that during his playing days, several cricketers were racially abused but they opted to stay silent.
'Today, as a film personality, he is bigger than Dharma Productions.' 'But he is still warm and loyal to his friends from school, college and work.'
A rising model, she has struggled with drug addiction in the past.
The cute Italian two-wheeler earns an e-scooter avatar.
Stunning cars from the Mumbai International Motor Show.
The 125 Helicopter Squadron (Gladiators) since its formation in November 1983 has enhanced its operational capability over the years and earned accolades for its valour and strike capabilities when deployed internally as well as abroad.
'I used to be crazy about dates, about car numbers, phone numbers and people would ask, "How can you remember all these things?".'
During the ancient Olympic Games, athletes who emerged victorious were awarded 'Kotinos' or olive wreaths
The Indian author was born August 21, 1915.
Pune's Mylab Discovery Solutions' CoviSelf, which gives results in 15 minutes, gets ICMR nod
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
The man with the golden arm could surpass some, if not all, top cricketers -- the demigods who stand well above athletes from other disciplines in India
Meet the fashion designer who is bringing plus-size clothes to Indian women.
Mithali made her ODI debut against England in Milton Keynes in January 1999 and on Friday became the first woman to complete in 200 matches in the 50-over format
Kapil Dev's historic World Cup win wasn't the only highlight of 1983. Sukanya Verma looks back how the year treated Bollywood.
'We need to retell this history from many different perspectives.'
A rich sound quality notwithstanding, the SRS-XB22 looks like any other device in its segment, but the SRS-XB32 stands out with its noteworthy additional features.
Will India finally reach the elusive double-digit mark? Raj Kishore Mishra, former joint secretary at the sports ministry, for one, is willing to stick his neck out on the possibility.
Long have I waited for a car to replace the Tata Safari feel in driving, and this updated version of the Tata Harrier is just IT, exclaims Rajesh Karkera/Rediff.com.
Chinese hubris and the slippery slope it finds itself on have important lessons for authoritarian leaders elsewhere, including in India, observes Colonel Anil A Athale (retd).
The waterlogging under the colonial-era bridge has again come into sharp focus after a 56-year-old driver of a mini-truck died allegedly due to drowning there on Sunday following a heavy downpour in the morning.
A digital configurator comprising a three-dimensional graphics-based app will allow customers to choose specifications and align the output generated by the tool to company's back-end manufacturing.
In a letter to all the zonal general managers on Monday, the board has said that initially 5,000 coaches will be converted.
With image quality that is top-notch coupled with outstanding audio, the smoothness of the Sony Bravia OLED A8F gives quite a satisfying experience, says Aparna Banerjea
The Hyundai i20 Active is an equipment-loaded car which increases the practicality of a hatchback.
Why are the poor turning Right instead of turning toward far-Left parties, ponders Pranab Bardhan.
The Dark Knight Rises flirts with potentially fantastic ideas, but shies away from taking them to the next level, writes Raja Sen.
Creating the rustic look is expensive, but low maintenance costs and the element of timelessness make it a great bargain for the urban dweller, says Namrata Kohli.
Cricket South Africa (CSA) have put in place racial quotas for the national team across all three formats of the game in an effort to increase the number of black players in a sport still dominated by whites.
LG Electronics, the official global partner of the ICC Cricket World Cup, will be launching a limited edition of official 29-inch colour televisions in India.
The Delhi High Court has been told by the city government's Food Safety Department that rice and other food samples collected from three popular eateries in the capital have been found to be unsafe and substandard.
The eye-popping cover has her posing in just a bodysuit!
ASCI has released norms for fairness creams, saying these would go a long way in ensuring ads do not discriminate against people with dark skin.
Where a few film-makers are sensitive in their treatment as noted in the depiction of lesbian love in Hindi movies, a significant number is prone to poking fun for cheap laughs.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances