Is IDBI Bank going to be sold? In fact, the Reserve Bank of India (RBI) has been looking into the investors who are bidding to purchase the government-owned IDBI Bank, which is about to be sold. According to a report by Moneycontrol, the RBI Bank has given its approval for all of the companies to purchase IDBI Bank. The information indicates that Kotak Mahindra Bank and NBD Emirates are the front-runners to acquire IDBI Bank, with Fairfax India Holdings leading the pack. In 2019, Prem Watsa, the company's owner, was chosen to serve as Vice Chairman of the Hamblin Investment Council.

Source: dna August 01, 2024 20:00 UTC