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Opinion News

The Economic Times

Opinion / The Economic Times

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IDBI, poster boy for more privatisation

IDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long period of bank recovery from bad loans and recapitalisation efforts. The new management faces challenges in driving IDBI Bank's growth in a competitive private banking environment. Foreign interest in India's banking sector continues to rise, influencing the strategic sale approach.

15 Oct 2026 12:07 am