Centre to keep pushing disinvestments despite meeting target after IDBI Bank deal
The Indian government will continue its disinvestment efforts after meeting its target for the 2026-27 fiscal year, following the Cabinet's approval of IDBI Bank's strategic restructuring. Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank for ₹52,878 crore, contributing to the total disinvestment proceeds of ₹55,757 crore, with a target of ₹80,000 crore by March 2027.