Finally, the much-awaited deal involving IDBI Bank has gone through. For Rs 52,878 crore, Canadian giant Fairfax will take control of the marquee headquarters of IDBI Bank, standing tall near the crashing waves at Cuffe Parade. This is great news for IDBI, the government, Fairfax and the entire banking sector, as it is the largest FDI deal. But it is worth looking at IDBI’s story, from its origins to how Vijay Mallya one of the largest defaulter of the bank crashed it.