Canadian billionaire Prem Watsa’s Fairfax India Holdings Corp. has been given an informal nod by the Reserve Bank of India (RBI) to pick up a majority stake in Catholic Syrian Bank, said three people aware of the development. Watsa met RBI governor Urjit Patel and deputy governors S.S. Mundra and R.S. Gandhi on Friday, these people said.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
