IDBI Bank's new buyer Prem Vats allayed the fears of employees, said – no one will lose their job.

New Delhi, 16 October. While foreign institutional investors (FIIs) have sold heavily in the Indian market this year, Indian-born Canadian billionaire Prem Vats has made a big bet in India. His Fairfax Financial Holdings affiliate 'Canada Inc' has won the bid to buy 60.7% stake in IDBI Bank. (…)