Mumbai, Oct 16 (UNI) Maharashtra Pradesh Congress Committee's Economics department chief Vishwas Uta

Mumbai, Oct 16 (UNI) Maharashtra Pradesh Congress Committee's Economics department chief Vishwas Utagi today opposed the proposed sale of the Centre and Life Insurance Corporation of India (LIC)'s combined 60.72 per cent stake in IDBI Bank to Canada's Fairfax Financial Holdings Limited for Rs 52,283 crore, calling the move "illegal and detrimental to national interests". Addressing a press conference at party headquarter Tilak Bhavan here, he demanded that the Centre rescind its decision, arguing that the sale of a majority stake in a public sector bank to a foreign company required parliamentary approval. Utagi said IDBI Bank, established by the…