Tag: IDBI BANK

The recent sale of IDBI Bank, valued at $5.6 billion, offers the Indian government under Prime Minister Narendra Modi a much-needed fiscal respite amidst rising fuel prices and declining foreign investments. This transaction marks a significant...

The Cabinet Committee on Economic Affairs (CCEA) has sanctioned the sale of a 60.72 per cent stake in IDBI Bank to Canada-based Fairfax Financial Holdings for ₹52,878 crore. Fairfax will acquire the shares at ₹81 each,...