Question
Which of the following entities received a āFit &
Properā certificate from the RBI for potential acquisition of IDBI Bank?Solution
The Reserve Bank of India (RBI) granted āFit & Properā certificates to Fairfax Financial, Emirates NBD, and Kotak Mahindra Bank as potential suitors for IDBI Bank. Fairfax Financial is one of the entities now eligible to proceed with the acquisition process. Ā
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