Business · 1 Nov
అగ్గువకు ఐడీబీఐ!
AI summaryBusiness World reported several suspicious aspects regarding the sale of IDBI Bank to Fairfax Financial Holdings for ₹52,878 crore, including the lowering of the reserve price and the acceptance of a lower bid. The Congress party questioned the transparency of the deal, while Union Finance Minister Nirmala Sitharaman stated all rules were followed during the strategic restructuring of the bank, which was facing severe financial distress in 2017-18.
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