The government has approved Fairfax's majority-stake purchase in IDBI Bank. Questions over valuation and procedure have drawn scrutiny and political opposition.

Rahul Gandhi backs IDBI Bank employees and questions the Centre's decision to sell the profitable public bank to a Canadian firm.

Rahul Gandhi has backed IDBI Bank employees opposing the Centre's proposed majority stake sale to Fairfax. His open letter questions the rationale and flags concerns for workers, depositors and reservation policies.

Rahul Gandhi has backed IDBI Bank employees opposing the Centre's proposed majority stake sale to Fairfax. His open letter questions the rationale and flags concerns for workers, depositors and reservation policies.

New Delhi: Targeting the Congress party, Union Finance Minister Nirmala Sitharaman on Friday launched a robust defence of the NDA government's strategic

Sitharaman warned Rahul Gandhi that his claims over the proposed IDBI Bank sale would be exposed, just as he had to apologise following the Rafale controversy. Her remarks came after Gandhi criticised the government over the bank’s sale, which the Union Cabinet had approved, clearing the way for a 60.72% stake to be sold to Canada-based Fairfax Financial Holdings.

An internal DIPAM note shows Fairfax's IDBI Bank bid was opened before fresh valuations were ordered. Govt denies cutting the reserve price.