Economy & Bankingv1 · 1 version
IDBI Bank Strategic Sale
IDBI Bank, which began in 1964 as a state development financial institution and is owned mostly by the Government of India and LIC, is being sold to a single private buyer. On 14 October 2026 the Cabinet Committee on Economic Affairs chose a Canadian unit of Fairfax Financial Holdings to take 60.72 percent for about ₹52,878 crore, pending RBI clearance.
Last updated 14 October 20265 min read
Latest update
New card: the CCEA picks a Fairfax unit to buy 60.72 percent of IDBI Bank at ₹81 a share, with the bank's DFI origin, PCA spell and pending RBI step.
- IDBI Bank
- strategic disinvestment
- Fairfax Financial Holdings
- LIC
- CCEA
- privatisation
- Prompt Corrective Action
- FDI
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