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Private equity interest can improve governance in banks: Rahul Bhasin

PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said

Baring Private Equity | Private equity firms | Indian Banks

Raghu Mohan  |  Mumbai 

Rahul Bhasin, Managing Partner, Baring Private Equity Partners
Rahul Bhasin, Managing Partner, Baring Private Equity Partners India, & Global Board Member, BPEP International

The Reserve Bank of India’s (RBI’s) Internal Working Group (IWG) on ownership guidelines and corporate structures suggested that non-promoter investors be allowed hold up to 15 per cent in banks, opening a window for private equity (PE) to play a bigger role as providers of capital to . Asia had pumped in Rs 1,000 crore for a 9.45 per cent equity stake in RBL Bank ahead of the IWG report in August 2020, making it the bank’s largest investor. RAHUL BHASIN — managing partner of Partners (BPEP-India), and senior partner and global board member of BPEP International — believes governance will be key if PE money is to flow in. He spoke to Raghu Mohan. Edited excerpts:



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First Published: Mon, March 01 2021. 06:10 IST