The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI.
Cabinet approves IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI
The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Min...
By Dhallo News · October 14, 2026 at 4:17 PM IST
Source: Economic Times - Companies
SOURCE: Economic Times - Companies
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