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BBC only went ahead with the restructuring after the tax surveys in February last year even though the deadline to meet FDI compliance norms was October 2021. The I-T department’s survey came days after the BBC aired a controversial documentary “India: The Modi Question”.

The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
Lenders stand to gain a lot more than borrowers in the current challenging market environment