Fairfax gets two-year runway to fold CSB Bank into its $5.5B IDBI takeover
RBI rules forbid one investor running two banks, so Fairfax is being handed up to two years to merge or dump its ~40% CSB Bank stake before it can close on the government's majority holding in IDBI Bank. The $5.5 billion deal, if sealed, becomes the largest foreign investment in an Indian bank.