Fairfax Floats Plan to Untangle IDBI-CSB Ownership Overlap as Merger Emerges as Leading Option
Fairfax Financial is understood to have put forward a plan to resolve the ownership overlap between IDBI Bank and CSB Bank, with a merger of the two lenders emerging as the most likely route, according to sources. The proposal could allow the Canadian investor to consolidate its banking interests under a single licence while addressing regulatory concerns around dual control.
