BusinessPhoto: MintNirmala Sitharaman Defends IDBI Bank Restructuring Process
Union Finance Minister Nirmala Sitharaman stated that all due processes were followed in the strategic restructuring of IDBI Bank, which is now ready for its next growth phase. She highlighted the Modi government's recapitalisation of over ₹25,000 crore to revive the bank. Her remarks responded to Rahul Gandhi's allegations about bid irregularities during the recent sale of a 60.72% stake to a Fairfax-controlled entity for ₹52,878 crore.
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