Fairfax to Acquire Controlling Stake in IDBI Bank for Rs.52,878 Crore
The Union Cabinet approved Fairfax Financial Holdings' acquisition of a controlling stake in IDBI Bank. The Finance Ministry assured staff of job protection.
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06:03:32 PM UTC
SquawkNews
Mumbai, Oct. 14 -- CSB Bank Ltd is expected to be merged with IDBI Bank following the Centre's decision on Wednesday to sell its 60.72% stake in the latter to Fairfax Financial Holdings Ltd, said two people aware of the development.The Canadian financial services holding company will either have to…
New Delhi, Oct. The strategic sale of IDBI Bank has been in the works since 2022, with the gov…