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Fairfax’s takeover of IDBI Bank expands Prem Watsa’s financial empire but leaves him facing a tough decision over CSB Bank’s future.
@imFmoharkan writes for @MorningContext.
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The Morning Context retweeted
Prem Watsa’s acquisition of IDBI Bank is a much bigger bet on India’s financial services sector. It opens a can of worms though.
Two banks, many troubles. In @MorningContext. @imFmoharkan
The Morning Context retweeted
Personal Update: It is homecoming for me! I am back @MorningContext!
This time as Deputy Editor - India. In this role, I will be working closely with our reporters in India Bureau to ship excellent stories everyday for you, along with leading the BFSI coverage.
I started today with this longform on how Prem Watsa is doubling down on his banking bet in India — but has serious hurdles ahead.
themorningcontext.com/busine…
Finance Buddha's unsolicited WhatsApp messages expose India's data protection gaps, revealing how personal information enters loan referral networks and fuels stolen data markets.
@MarwariJourno writes for @MorningContext.
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Prem Watsa's IDBI Bank acquisition deepens his Indian ambitions but forces Fairfax to choose between selling CSB Bank or merging both lenders.
@imFmoharkan writes for @MorningContext.
Check comments to read the full story.
Read more: themorningcontext.com/busine…
