Govt evaluating financial bids for strategic stake sale in IDBI Bank
In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank
The Indian government is evaluating financial bids for the sale of a strategic stake in IDBI Bank. Two bidders, Fairfax Financial Holdings and Emirates NBD, had submitted revised bids in July to buy 60.72 per cent in the bank.
A nationwide bank strike is scheduled from September 28 to 30, called by the United Forum of Bank Unions. The strike may disrupt banking services during the critical month-end and half-year closing period.
The Federation of Karnataka Chambers of Commerce and Industry has expressed concerns that the strike could impact small and medium enterprises, as well as traders, who require financial predictability and business continuity.
Brief written by urgent.news from Business Standard IN, The Hindu — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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