Economy · India
IDBI Bank Privatization Deal with Fairfax Financial Under Scrutiny
The Indian government is preparing to sell a controlling stake in IDBI Bank to the Canadian company Fairfax Financial for approximately ₹52,878 crore. This move has sparked controversy, particularly as the bank has recently transitioned from a loss-making entity to a profitable one. The deal involves the government and Life Insurance Corporation (LIC) selling their stakes.
How outlets across the spectrum covered it
L 0 C 1 R 1
- Centre (1): The Lallantop
- Right (1): Aaj Tak