IDBI Bank: Fairfax plans a new advisory and board structure:

Canadian billionaire Prem Watsa’s Fairfax Financial Holdings will draw on the expertise of its advisers Deepak Parekh, former chairman of HDFC Ltd, and Paresh Sukthankar, former deputy managing director of HDFC Bank, as it prepares to acquire a 60.72 per cent stake in IDBI Bank for ₹52,878 crore.