India, Oct. 31 -- BRS working president K T Rama Rao (KTR) raised concerns over the proposed sale of IDBI Bank to a foreign company and questioned the Central government's urgency in selling the bank.

He sought answers from the Central government over reported changes in valuation rules and methodology after bids fell below the reserve price.

KTR also asked whether the bank's valuable real estate assets, including prime land in Hyderabad, had been properly accounted for.

On October 14, the Union government approved the sale of a 60.72 per cent stake in IDBI Bank to Canada-based Fairfax Financial for approximately Rs 52,878 crore as part of its strategic disinvestment programme.

In a post on social media platform X, KTR said public sec...