Former central government bureaucrat
Appears in 1 story
Calls for the sale decision to be held in abeyance pending independent inquiry
On 17 October 2026, India's finance ministry addressed a legal question that had hung over the IDBI Bank sale for years: does the IDBI (Repeal) Act, 2003 restrict the government from reducing its stake in the bank? The ministry's answer — no — rested on a rejected parliamentary amendment and a 2018 Delhi High Court ruling, and it arrives just days after the government named Fairfax Financial Holdings as the strategic buyer for a 60.72% stake worth roughly ₹52,878 crore.
Updated Yesterday
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
