BANKING & FINANCE
Govt Okays ₹52,878-Cr Sale Of 61% Stake In IDBI Bank To Fairfax Entity
The Union government has approved the sale of a combined 60.72% stake in IDBI Bank Ltd to Canada-based 10955230 Canada Inc., a parent entity of Fairfax Financial Holdings Ltd, for ₹52,878.08 crore, marking a major milestone in the bank’s privatisation process. The Cabinet Committee on Economic Affairs (CCEA), at its meeting on October 14, 2026, […]
