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To The Point Debate On IDBI Bank Sale Valuation: Who Built, Who Revived & Who Sells? | India Today

India Today30 Oct 2026

A debate on the privatization of IDBI Bank focuses on the valuation and bidding process surrounding the stake sale to Fairfax Holdings. Former Finance and Economic Affairs Secretary Subhash Chandra Garg argues that the bank has turned around significantly, making the sale price of ₹81 per share a throwaway valuation compared to its true worth and free reserves. Garg questions why the reserve price was lowered and contends that the divestment has turned into an uncompetitive one-horse race. In…