Fairfax wins nod to acquire IDBI Bank, but faces challenge of shifting its public-sector culture
Merging two banks also brings cultural challenges, Shah said, adding that changes to processes, systems, technology and operating efficiencies are part of any transaction. Fairfax, he said, could attract strong leadership to overhaul IDBI Bank’s operations. He pointed to the progress Fairfax has made at CSB Bank, which he described as a union-driven, local bank.
