Page 2 - Idbi Bank

Smallcap stocks under pressure; Sterlite, MTAR, HFCL, Netweb slide 5%

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.

IDBI Bank's $6 billion Fairfax deal signals zest for Indian assets

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

IDBI Bank stake sale price a surprise; no rub-off on PSU stocks: Analysts

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

21 strategic PSU stake sales in 26 years as IDBI Bank joins the list

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

CCEA clears largest financial sector FDI: Fairfax to take reins at IDBI

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

IDBI Bank deal to bolster Fairfax's India financial services play further

Separately, Fairfax, through FAL Corporation, held a 65 per cent stake in Valueattics Re, India's first privately owned domestic reinsurer, as of March 2026

The fall and rise of IDBI Bank: From bad-loan crisis to the Fairfax deal

Improving India-Canada ties brought Fairfax back into play as IDBI Bank's recovery from a bad-loan crisis paved the way for a Rs 52,878 crore sale of a majority stake

IDBI employees' forum seeks review of stake sale, flags valuation concerns

The IDBI employees' forum sought a halt to the proposed sale and disclosure of valuation details, while the government said employees' service conditions would remain unchanged

Fairfax Financial buys IDBI for $5.6 billion in India's biggest bank deal

Fairfax joins a wave of foreign firms expanding in India, drawn by the burgeoning wealth class and the world's fastest-growing major economy

IDBI Bank share price zooms 13% to five-week high on heavy volumes

IDBI Bank has informed that a meeting of the board will be held on October 17 (Saturday) to consider and approve the financial results for the quarter and half-year ended September 30, 2026.

IDBI Bank, Lal PathLabs, Welspun Living: Top stock ideas by Choice Broking

Stocks to buy today: IDBI Bank has moved above both its 50-day EMA, which indicates that the near-term trend is turning positive, says Sachin Gupta of Choice Broking.

Govt evaluating financial bids for strategic stake sale in IDBI Bank

The government is evaluating the financial bids for strategic stake sale in IDBI Bank and the process is moving at a steady pace, government sources said on Friday. In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank, sources had earlier said. The strategic disinvestment of IDBI Bank is moving at a steady pace. The government is evaluating the financial bids submitted by the interested investors, the sources said, without disclosing any further details. Both the bidders have experience in the Indian banking sector, with Dubai-based Emirates NDB acquiring majority stake in RBL Bank earlier this year and Fairfax Financial holding a 40 per cent stake in the private-sector CSB Bank. The bidders already have security clearance from Ministry of Home Affairs (MHA) and 'Fit and Proper' assessment from the Reserve Bank of India. This is the second time that the interested ..

IDBI Bank shares fall 10.6% as Fairfax deal price weighs on investors

IDBI Bank shares close at Rs 81.12 as investors focus on the reported Fairfax offer of around Rs 81 per share for a controlling stake in the lender

Blackstone among firms in fray to buy Fairfax stake in IIFL Finance

Blackstone is in talks with Fairfax and other shareholders to acquire the stake in IIFL Finance

Buzzing stock: IDBI Bank extends rally to 5th day, jumps 5% on huge volume

IDBI Bank said there is no undisclosed/price sensitive information or any impending announcement that needs to be informed to the stock exchanges at this point of time.

Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and ‌state insurer Life Insurance Corp of India, is in its final stages

IDBI employees' forum opposes stake sale to Fairfax, seeks review

The employees' forum urged the government to disclose the strategic sale proposal, preserve public ownership of IDBI Bank and hold a parliamentary discussion before any decision

IDBI Bank Q1FY27 result: Net profit rises 5% to ₹2,115 crore; NII up 10%

IDBI Bank on Saturday reported a 5 per cent rise in net profit at Rs 2,115 crore for the first quarter of the current financial year. The LIC-controlled bank had earned a net profit of Rs 2,007 crore in the same quarter of the previous fiscal year. Total income rose to Rs 8,573 crore during the June quarter of 2026-27, from Rs 8,458 crore a year ago, IDBI Bank said in a regulatory filing. Interest earned by the bank improved to Rs 7,541 crore, as compared to Rs 7,021 crore in the June quarter of FY26. Net Interest Income (NII) also increased to Rs 3,486 crore in the quarter, against Rs 3,166 crore in Q1 of the previous year, an increase of 10 per cent. However, the bank's operating profit declined to Rs 2,168 crore, from Rs 2,354 crore a year ago. Net Interest Margin too moderated a bit to 3.61 per cent, against 3.68 per cent in the April-June period a year ago. The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.3 per cent of gross advances at

Govt receives revised financial bids for IDBI Bank stake sale: Report

The government has received revised financial bids for the strategic sale of IDBI Bank from Fairfax Financial Holdings and Emirates NBD, sources said on Tuesday. A final decision on the successful bidder will be taken once the financial bids are opened, which is likely very soon, sources added. According to sources, both the bidders have experience in the Indian banking sector, with Dubai-based Emirates NDB acquiring RBL Bank earlier this year and billionaire investor Prem Watsa-backed Fairfax Financial already holding a 40 per cent stake in the private-sector CSB Bank. Both the bidders already have security clearance from the Ministry of Home Affairs (MHA) and 'Fit and Proper' assessment from the RBI. The government and LIC were together looking to sell 60.72 per cent in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came on February 6. However, the financial bids from Fairfax Financial Holdings and Emirates NBD were below the reserve pr

IDBI Bank rises 4% on fresh privatisation buzz; right time to buy?

IDBI Bank privatisation news: A Bloomberg report said that Fairfax Financial Holdings, founded by Indian-born Canadian billionaire Prem Watsa, might raise its per-share bid by a few rupees.