Govt close to clearing Fairfax's revised IDBI Bank bid: Report

Government is close to accepting an offer from Canadian billionaire Prem Watsa-led Fairfax India Holdings for disinvestment of IDBI Bank, possibly at a slightly higher price, Bloomberg reported. Fairfax submitted a revised bid after an earlier round of bidding collapsed this year over valuation differences. Government officials also held a series of high-level meetings on July 13 over the matter.