Rs 53k crore IDBI stake sale with LIC takes government past selloff target
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Finance Minister Nirmala Sitharaman has responded sharply to a remark by Samajwadi Party leader Akhilesh Yadav concerning the sale of a stake in IDBI Bank. The exchange centres on the government's divestment plans for the lender and the political criticism surrounding them. Sitharaman defended the move, rejecting the opposition leader's charge. The back-and-forth highlights the continuing political debate over public sector bank privatisation in India.
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