RBI Gives Fairfax 15 Years to Cut IDBI Bank Stake to 26%
The Reserve Bank of India gave Fairfax Financial Holdings 15 years to reduce its stake in IDBI Bank to 26%.
The Reserve Bank of India has given Fairfax Financial Holdings, backed by Prem Watsa, 15 years to lower its stake in IDBI Bank to 26%. The Canadian investor has two years to determine the future of Kerala-headquartered CSB Bank, with a merger or sale emerging as the two…