Biggest FDI Deal In Banks: IDBI Bank Shares Crashed 8% On 60.72% Stake Deal With Fairfax? Will Customers Bank Account Get Impacted?
IDBI Bank share price crashed nearly 8% after the Union Cabinet approved the largest ever FDI deal in the banking sector. This involves a humongous 60.72% sale of the IDBI Bank stake to Fairfax Financial Holding. The deal is valued at Rs 52,878 crore. This will also make IDBI Bank a private entity. IDBI Bank…