India Approves ₹52,878 Crore IDBI Bank Stake Sale To Fairfax-Backed Buyer Amid Employee Concerns
By India Today
India has approved the sale of a 60.72% stake in IDBI Bank to a Fairfax-backed buyer for ₹52,878 crore. The deal follows a turnaround in the bank’s financial performance, including record net profit in 2025–26. While the government says the winning bid exceeded its benchmark valuation, employee representatives have…
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