India Cabinet Clears Sale of IDBI Bank to Fairfax
India’s Cabinet cleared the sale of IDBI Bank to Fairfax Financial Holdings, according to the report.
New Delhi, Oct. 16 -- The on-now-off-again 'privatization' of IDBI Bank is finally on again, following the Union Cabinet's clearance of its sale.Under the deal approved by the Cabinet Committee on Economic Affairs (CCEA) on Wednesday, Canadian billionaire Prem Watsa's Fairfax Financial Holdings wil…