IDBI Bank Fairfax Takeover, Know - What Happens To Your Savings Accounts, Fixed Deposits & Money After ₹52,878 Crore Deal?

Mumbai: The government's decision to sell a controlling stake in IDBI Bank to Fairfax Financial Holdings has raised questions among millions of customers. Many depositors want to know whether their savings accounts, fixed deposits (FDs) and money will remain safe after the bank changes ownership.The Cabinet Committee on Economic Affairs (CCEA) approved the proposed sale on October 14, involving a...