October 14, 2026 8:22 PM
IDBI Bank restructuring to strengthen banking ecosystem: FM Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said the government’s decision to strategically restructure IDBI Bank reflects India’s continued commitment to economic reforms and financial sector transformation. In a post on social media platform X, FM Sitharaman said the Cabinet Committee on Economic Affairs’ (CCEA) approval of the restructuring was achieved under the leadership of Prime Minister Narendra Modi and would pave the way for the bank’s next phase of growth through foreign...