{
  "id": 17822579,
  "title": "Congress seeks JPC probe into IDBI Bank sale, alleges valuation irregularities",
  "url": "https://urgent.news/2026/11/02/congress-seeks-jpc-probe-into-idbi-bank-sale-alleges-valuation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T16:41:16.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/congress-seeks-jpc-probe-into-idbi-bank-sale-alleges-valuation-irregularities/article71657915.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Congress party has demanded an immediate halt to the proposed sale of IDBI Bank to Fairfax Financial Holdings and a Joint Parliamentary Committee (JPC) probe into the transaction. The party alleges that the government manipulated the bank's valuation and that the foreign buyer would use the bank's own funds to finance the acquisition. Rahul Gandhi questioned the transaction, stating that public banks should not be treated as assets to be sold but as \"tools to build the nation.\"",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}