IDBI Bank

Banks in a growing economy need patient, long-term foreign capital with good governance to meet credit demand

The 30.48 per cent divestment in IDBI Bank is expected to take the government's receipts from stake sales and asset monetisation past the BE of ₹80,000 cr

The disinvestment journey of the past decade has not been impressive. How it pans out now depends on some key factors

Global rating agency Moody's on Monday said it expects Fairfax Financial Holdings' proposed acquisition of a majority stake in IDBI Bank to have limited impact on its financial leverage, citing the Canadian investor's funding plans and strong liquidity position. As of June 30, 2026, Fairfax's financial leverage stood at around 34 per cent, which declined to 27 per cent after excluding non-recourse debt at its non-insurance companies, Moody's said in a statement. The rating agency noted that it does not expect a significant increase in Fairfax's financial leverage, given its funding plans for the transaction. Moody's also highlighted Fairfax's policy of maintaining at least USD 1 billion in cash and liquid investments at the holding company at all times, a practice it expects the company to continue after the transaction. As of June 30, 2026, Fairfax had USD 2.3 billion in cash and liquid investments at the holding company, providing it with a liquidity cushion as it pursues the ...

Employees will stage a nationwide hunger strike on November 2-3, demanding that the government halt the proposed sale to Fairfax and retain majority ownership of IDBI Bank

IDBI Bank's Q2FY27 net profit declined 39% to ₹2,205 crore due to a high base from an NSDL stake sale gain. Excluding the one-off, profit rose 14%

The finance ministry on Saturday said the legislative history of the IDBI (Repeal) Act, 2003, a Delhi High Court judgement and successive Union Budget speeches reflect the evolution of its policy towards the strategic disinvestment of IDBI Bank. The Cabinet earlier this week approved strategic disinvestment of IDBI Bank by selling 60.72 per cent stake to Canada's Fairfax Financial Holdings for about Rs 53,000 crore (USD 5.5 billion). The deal is the largest foreign investment in India's financial sector so far and a major milestone in the country's banking privatisation drive. In a clarification on the legislative developments regarding reduction in government holding in IDBI Bank, the ministry said the Delhi High Court on December 17, 2018, held that the IDBI (Repeal) Act, 2003, contained no prohibition against reducing the government's stake in IDBI Bank Ltd. It may be recalled that during the Union Budget, 2003, discussions and the parliamentary debate on the IDBI (Repeal) Act, .

Q2FY27 company results: Firms including IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements, and Ixigo are also to release their July-September earnings today

Fairfax proposes N S Kannan as IDBI Bank chairman, retains Rakesh Sharma as CEO and expects to close its $5.6 billion acquisition as early as the first quarter of 2027

The strategic transaction of IDBI Bank is expected to be completed by the end of the current financial year, subject to regulatory clearance from the Reserve Bank of India (RBI), DIPAM Secretary Arunish Chawla has said. The successful bidder will submit its technical papers to the RBI and present its credentials, including details required to meet additional compliance and regulatory requirements, he told PTI. After the RBI clears the successful bidder, he said, the share purchase agreement will be signed, paving the way for the transaction to be completed before the end of the current financial year. Addressing concerns over the interests of minority and retail shareholders, the Department of Investment and Public Asset Management (DIPAM) Secretary assured that their interests would be fully protected as part of the transaction. After the share purchase agreement is signed, the strategic buyer will be required to make an open offer to minority shareholders, providing them an ...

Fairfax plans to combine IDBI Bank, Digit Insurance and IIFL Capital Services into an integrated financial services entity, subject to regulatory approvals

Govt must push its disinvestment agenda aggressively

The government used an independent valuation benchmark of ₹75.99 per share after rejecting an earlier bid of ₹75 that fell short of the ₹94.42 reserve price

While India allows substantial FDI in private sector banks, the RBI regulates who can own them, how much voting power shareholders can exercise and how much equity promoters can retain over time

IDBI Bank privatisation: Will FD rates, EMIs or banking services change?

At 10:04 AM on Thursday, the Nifty Smallcap 100 index was down 0.86% at 19,218, as compared to a 1% rally in the Nifty 50.

Fairfax's acquisition of a 60.7% stake in IDBI Bank for nearly $6 billion comes as Blackstone explores IIFL Finance and Japan's MUFG studies options to gain majority control of Shriram Finance

At the bourses, IDBI Bank stock has been an underperformer and has slipped 13.4 per cent year-till-date (YTD) till October 14 as compared to the NSE 500 index that lost 7.8 per cent during this period

The sales of BALCO, VSNL and Hindustan Zinc in the early 2000s, followed by transactions involving THDC India, NEEPCO and Air India, account for much of this history

Toronto-based firm to acquire 60.72% for ₹52,878 cr, trim stake to 26% over 15 years