India Hot Topics

India needs big promoter-led banks, and the RBI needs sharp sleuths to oversee them

Published

6 years ago

November 21, 2020

India

In a span of a week, the Reserve Bank of India (RBI) has not only allowed a foreign bank to buy a private sector bank, and thereby gain more footprint in India but is now also thinking of opening the gates of banking to big conglomerates.India’s banking regulator seems to have tuned into American singer Bob Dylan’s “the times they are a-changing” yet again.

In a span of a week, the Reserve Bank of India (RBI) has not only allowed a foreign bank to buy a private sector bank, and thereby gain more footprint in India but is now also thinking of opening the gates of banking to big conglomerates. What’s more is that big non-banking finance companies (NBFC) should turn themselves into mainstream banks.These are two of the many recommendations made by an internal working group. To be sure, these recommendations have been made in the past too. But the RBI has so far avoided being too lenient on giving out banking licences. In the last round of universal bank licensing six years ago, only two candidates made the cut and none of them were big conglomerates.

However, analysts feel this time the RBI may indeed warm up to the idea. The rationale is simple. The Indian economy needs big banks promoted by deep pocketed entities that can easily finance the needs of the economy. “For a capital starved banking sector, the only way is to tap domestic promoters to grow. I think some of the recommendations are path breaking if adopted,” said Abizer Diwanji, partner and national leader- financial services at E&Y. Diwanji believes that the RBI may first allow big NBFCs to turn them into banks. Such lenders already have the track record needed. Some of them also have robust processes that rival that of banks. “We need large scale lending in India and NBFCs turning into banks will help this,” said Diwanji. Analysts believe that NBFC shares may gain although these are just recommendations and not rules yet.While RBI may be softer on NBFCs, it may be tough to convince for giving licences to big conglomerates. To be sure, the working group has recommended that licences be given only once the Banking Regulation Act 1949 is suitably amended. This may take time. Also, the complex structure of large conglomerates make it difficult for the RBI to oversee them. “Big corporates getting licences may not be soon because the RBI will want to first ensure governance structures and supervisory rigour,” said Diwanji.

This rigour has come under question. While the RBI has tightened regulations enough to avoid nasty surprises, its supervisors have not been able to fish out dodgy transactions. Within two years, two large NBFCs and three banks have gone under. In the end, the regulator has been blamed for either waiting too long to rescue a bank or completely missing the problem. But the RBI has begun to plug the holes. In the past months, it has built a separate cadre of supervisors and also beefed up training.

Big conglomerates and NBFCs may find themselves closer to a bank licence than before. But the RBI won’t give in until it has all the shields in place.

Also Read: BIGG BOSS 14: KAMYA PUNJABI COMPARES KAVITA KAUSHIK TO SIDHARTH SHUKLA, CALLS PAVITRA’S OUTBURST ‘JOKE OF THE SEASON’

Cricket

Anushka Sharma Cheers as Smriti Mandhana’s RCB Makes History with Second WPL Title!

Published

4 months ago

February 6, 2026

Digital Post

Anushka Sharma hails RCB: Powerful Historic WPL Triumph

The air was thick with expectancy, the stadium buzzed with electricity, and everyone’s attention was focused on the emerging drama. The Women’s Premier League (WPL) final, which pitted Royal Challengers Bangalore (RCB) against Delhi Capitals (DC), promised to be a spectacular spectacle. We had no idea it would provide so much more – a nail-biting match culminating in a historic victory that sent shockwaves of joy around the cricketing globe, and no one was more excited than Bollywood diva Anushka Sharma. Her exuberant exclamation of “History repeated!” wonderfully captured the enthusiasm surrounding RCB’s stunning win, their second consecutive WPL title.

A Season of Resilience and Redemption

The Journey to the Final

RCB’s path through the WPL season was one of resilience, strategic brilliance, and unwavering commitment. Smriti Mandhana’s dynamic leadership led to continual growth, with the team learning from each setback and emerging stronger. Their route to the final was not without challenges, but each one strengthened their resolve, transforming them into a strong force eager to triumph.

Mandhana’s Masterclass in Leadership

Smriti Mandhana, known for her graceful batting, shone as a captain throughout the season. Her cool demeanour under pressure, clever tactical selections, and ability to motivate her teammates all contributed to RCB’s win. She led from the front, both with the bat and as captain, exemplifying the spirit of true leadership.

The Grand Finale: A Battle for Supremacy

DC’s Strong Start

The final against the Delhi Capitals was a match worthy of the occasion. DC, a powerhouse squad, started strong, scoring a tough total that tested RCB’s batting lineup. The early overs were tense, with both sides trading blows as they battled for dominance in the high-stakes match.

RCB’s Clinical Chase

However, the RCB chase was nothing short of clinical. The batsmen showed steel nerves, forming key partnerships and patiently chipping away at the objective. Each run was greeted with enthusiasm, and each boundary elicited tremendous ovation, as the momentum changed in RCB’s favour.

Anushka Sharma’s Elation: A True Fan’s Delight

Beyond The Boundary Ropes

Anushka Sharma, a loud and avid supporter of RCB – and, in fact, of all things cricket, given her husband Virat Kohli’s involvement with the men’s squad – has always been interested in the team’s success. Her presence, though virtual this time, was palpable. Her social media was buzzing with enthusiasm as she tracked every ball, wicket, and run.

“History Repeated!” – A Resounding Declaration

Upon RCB’s momentous victory, Anushka’s joy knew no bounds. Her initial reaction, “History repeated!”, was more than just a congratulatory statement; it was a genuine recognition of the team’s amazing feat. It struck a chord with fans, bringing back memories of RCB’s previous WPL victory and emphasising the squad’s consistent excellence under Smriti Mandhana. This victory was more than simply a single win; it was a declaration of purpose, confirming their place as the dominant force in women’s cricket.

The Impact of Victory

Inspiring a New Generation

RCB’s straight WPL wins are more than simply trophies; they serve as a source of motivation for a generation of ambitious female cricket players. These achievements highlight the incredible skill, devotion, and professionalism of women’s cricket, inspiring young girls to pursue their aspirations in the sport. The WPL’s visibility and success are critical in building a strong ecosystem for women’s cricket around the world.

Solidifying RCB’s Legacy

This second WPL triumph cements RCB’s legacy in the expanding world of women’s franchise cricket. It demonstrates their dedication to excellence, strategic team development, and developing top people. The team has not only won silverware, but it has also won hearts, resulting in a devoted and ever-growing fan base.

A Celebration of Teamwork and Tenacity

Every Player’s Contribution

The success was due to the combined efforts of all RCB players. From crucial bowling breakthroughs to critical runs scored by batters and great fielding exploits, each individual contribution is woven together to create a winning tapestry. It emphasised the value of teamwork, with each player playing an important role in achieving a common objective.

The Power of WPL

The WPL continues to grow in stature and popularity, giving an important platform for female cricketers to demonstrate their abilities on a worldwide scale. Matches such as the final between RCB and DC help to captivate fans and demonstrate the league’s tremendous competitiveness. The continued success of teams such as RCB only adds to the league’s allure and long-term viability.

Looking Ahead: A Bright Future

Maintaining Momentum

As RCB basks in the joy of winning back-to-back WPL titles, the issue now is to maintain that momentum. The cricket world will be looking to see how they evolve, innovate, and defend their championship status in the coming seasons. The benchmark has been established, and expectations are higher than ever.

The Expanding Reach of Women’s Cricket

The WPL’s success, fuelled by compelling finals and celebrity endorsements such as Anushka Sharma’s, demonstrates the growing reach and attraction of women’s cricket. It demonstrates the quality, passion, and rising fans that this format continues to attract, implying an even brighter future for the sport.

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