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IDBI Bank

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Banking, Fintech & Insurance 18 Oct 2026, 08:00 PM IST

IDBI Bank Q2 Profit Falls 39% on Base Effect, but Core Trends Improve

IDBI Bank reported a 39% year-on-year decline in second-quarter net profit to Rs 2,205 crore, weighed down by a one-off gain booked in the same period last year. Excluding that exceptional item, profit rose 14%, while asset quality improved, deposits grew 17% and advances increased 18%, signalling a firmer operating trajectory beneath the headline decline.

By RDU Global Wire5 min read
Banking, Fintech & Insurance18 Oct 2026, 08:00 PM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Strategic Exit Shift

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a significant restructuring of ownership ahead of the lender’s strategic disinvestment. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, underscoring the formal separation of state control from the sale process.

5 min readRead →
Banking, Fintech & Insurance18 Oct 2026, 08:00 AM IST

IDBI Bank Q2 Profit Falls 39% on Base Effect, But Core Momentum Improves

IDBI Bank reported a 39% year-on-year decline in net profit to Rs 2,205 crore for the second quarter, largely reflecting a one-off gain booked in the comparable period last year. On an adjusted basis, profit rose 14%, while asset quality improved, deposits and advances expanded at a healthy pace, and net interest margin strengthened sequentially to 4.11%.

5 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 08:00 PM IST

Fairfax’s IDBI Premium Seen as Strategic Bet on Scale, Deposits and Distribution

Analysts say Fairfax Financial Holdings’ premium for IDBI Bank is justified by the lender’s strategic fit, branch reach and deposit franchise in India. The deal is viewed as a platform that could deepen Fairfax’s banking presence and support a broader, more diversified financial ecosystem over time.

4 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 05:00 PM IST

Foreign Capital Pours Into Indian Finance as Global Giants Target ₹1.32 Lakh Crore Opportunity

Canada’s Fairfax Financial Holdings, Japan’s Mitsubishi UFJ Financial Group and UAE lender Emirates NBD have recently deepened their exposure to India’s financial sector, underscoring a sharp rise in foreign appetite for domestic banking and lending assets. The combined wave of acquisitions and strategic investments points to a market that global institutions increasingly view as one of the most attractive growth stories in Asia.

5 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 05:00 PM IST

Cabinet Clears Fairfax’s Rs 52,878 Crore Bid for 60.72% Stake in IDBI Bank

The Union Cabinet has cleared the long-awaited sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore, marking a major step in India’s banking-sector divestment programme. The transaction is expected to advance the government’s disinvestment agenda while reinforcing the lender’s turnaround after a sustained improvement in asset quality.

6 min readRead →
Banking, Fintech & Insurance17 Oct 2026, 05:00 PM IST

Fairfax Plans to Fold Digit and IIFL Capital Under IDBI Bank in Sweeping Financial Services Restructuring

Fairfax Financial Holdings is preparing to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, a move that could create a diversified financial-services platform spanning banking, insurance, investment banking and wealth management. The proposed restructuring follows Fairfax’s selection as the strategic buyer for a 60.72% stake in IDBI Bank for about Rs 52,878 crore, underscoring its intent to build a broader India-focused financial franchise.

4 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 01:35 PM IST

Fairfax Floats Plan to Untangle IDBI-CSB Ownership Overlap as Merger Emerges as Leading Option

Fairfax Financial is understood to have put forward a plan to resolve the ownership overlap between IDBI Bank and CSB Bank, with a merger of the two lenders emerging as the most likely route, according to sources. The proposal could allow the Canadian investor to consolidate its banking interests under a single licence while addressing regulatory concerns around dual control.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 10:10 AM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax-Led Exit Plan

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a key structural step in the lender’s long-running disinvestment process. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, underscoring a cleaner ownership framework ahead of the proposed strategic sale.

4 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 05:43 AM IST

Fairfax’s Prem Watsa Bets on India’s Next Decade, Backs IDBI Bank Turnaround

Fairfax Financial chairman Prem Watsa said the conglomerate is positioning itself to benefit from India’s economic expansion over the next decade, underscoring a long-term bet on the country’s growth story. Watsa also expressed confidence in IDBI Bank’s recovery and future scale-up after years of stress, while stressing fiscal discipline and employee welfare.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 03:19 AM IST

Prem Watsa Says India Is Set to Join Global Capital’s AI and Data Centre Boom

Canadian billionaire Prem Watsa said India is poised to move higher on global investors’ priority lists as capital floods into data centres and artificial intelligence in the United States. His remarks come as the Indian government approved the divestment of a majority stake in IDBI Bank to Fairfax Financial Holdings, underscoring his long-term conviction in India’s economic trajectory. Watsa framed the investment as part of a broader bet on the country’s financial and growth story, not merely a standalone banking transaction.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 11:34 PM IST

Nilesh Shah Cites Hindustan Zinc as Template for IDBI Bank Divestment

Kotak AMC Managing Director Nilesh Shah has pointed to Hindustan Zinc as a case study in how strategic divestment, paired with a retained government stake, can create enduring public wealth. He said the Centre’s remaining holding in the company is now worth more than Rs 62,000 crore and voiced hope that IDBI Bank’s privatisation process could generate similar value for the exchequer.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 11:34 PM IST

Prem Watsa’s Fairfax Makes Its Biggest India Bet Yet With IDBI Bank Takeover

Prem Watsa’s Fairfax Financial is set to acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, in what would become India’s largest cross-border banking transaction. The deal signals a long-term attempt to build a broader financial services platform spanning banking, insurance, wealth management and capital markets, but it still faces regulatory scrutiny and execution risk.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 03:00 PM IST

Prem Watsa’s Fairfax Makes Biggest India Bet Yet With IDBI Bank Deal

Prem Watsa’s Fairfax Financial has agreed to acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, in what is set to become India’s largest cross-border banking transaction. The deal underscores a long-term plan to build a broader financial services platform spanning banking, insurance, wealth management and capital markets, but it still faces regulatory scrutiny, integration challenges and questions over overlapping ownership with CSB Bank.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 11:55 AM IST

Fairfax’s IDBI Premium Seen as Strategic Bet on Scale, Deposits and Distribution

Analysts say Fairfax Financial Holdings’ premium for IDBI Bank is being justified less by near-term earnings optics and more by the strategic value of scale, branch reach and a stronger deposit franchise in India. The deal is viewed as a platform that could help Fairfax build a more diversified financial ecosystem across banking and adjacent financial services.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 05:25 AM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax Deal Reset

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation will hold 19%, marking a significant step in the bank’s long-running ownership transition. Both shareholders will withdraw their nominees from the board and function as public shareholders, while the Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism to approve minority stake sales.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 02:40 AM IST

Cabinet Clears Rs 52,878 Crore IDBI Bank Sale to Fairfax Arm in Landmark Financial FDI

India’s Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to an arm of Fairfax Group, marking what Union Minister Ashwini Vaishnaw described as the country’s largest financial-sector foreign direct investment. The government and Life Insurance Corporation of India will together retain a 34% stake in the restructured bank, underscoring a calibrated exit that preserves a significant public-sector footprint while transferring control to a private investor.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 02:43 PM IST

Government Reviews Revised Bids for IDBI Bank Stake Sale as Process Advances

The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the country’s most closely watched banking privatisations, is moving forward at a measured pace as officials assess valuation, regulatory and strategic considerations.

6 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 10:07 AM IST

Government Evaluates Revised Bids for IDBI Bank Stake Sale as Process Advances, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of its 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched banking privatisations in India, is moving ahead at a measured pace as officials review valuation, structure and regulatory considerations.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 07:47 PM IST

Government Reviews Revised Bids for IDBI Bank Stake Sale, Sources Say

The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of its 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched banking divestments in India, is moving ahead at a measured pace as officials assess valuation, structure and regulatory considerations.

5 min readRead →
Banking, Fintech & Insurance03 Oct 2026, 02:56 PM IST

Government Evaluating Revised Bids for IDBI Bank Stake Sale, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is advancing steadily as officials review the offers and weigh the next steps.

5 min readRead →
Banking, Fintech & InsuranceJust now (12:55 PM IST)

Government Evaluates Revised Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of its 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the country’s most closely watched banking disinvestments, is advancing steadily as officials review the offers and prepare for the next stage of the strategic sale.

6 min readRead →
Banking, Fintech & InsuranceJust now (12:35 PM IST)

Government Reviews Revised Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation exercises in the financial sector, is moving ahead at a measured pace as officials assess the final offers and related terms.

5 min readRead →
Healthcare, Pharma & Life SciencesJust now (10:10 AM IST)

A Lawyer Who Led India: Gandhi’s Legal Mind Still Shapes the Republic

On Gandhi Jayanti and the International Day of Non-Violence, The Hindu’s collection marking Mahatma Gandhi’s 157th birth anniversary revisits the paradox at the heart of India’s freedom struggle: a barrister who became the nation’s most influential political moralist. The anniversary has renewed attention on Gandhi’s legal training, his methods of mass mobilisation, and the continuing relevance of non-violence in public life. The collection arrives at a time when India is again debating the relationship between law, ethics, dissent, and state power.

6 min readRead →
Enterprise Tech, Cloud & AIJust now (03:26 AM IST)

Axis Bank Sees Data Centre Lending Doubling as AI Demand Reshapes Credit

Axis Bank is preparing to expand its exposure to India’s fast-growing data centre sector, with lending expected to double from the current Rs 8,688 crore over the next three years, according to the business outlook described in the breaking story. The move reflects how the artificial intelligence boom is pushing banks to finance large-scale digital infrastructure, even as the sector’s capital intensity, execution risk and power requirements create a more complex credit profile.

5 min readRead →
Banking, Fintech & InsuranceJust now (02:09 PM IST)

Government Evaluates Revised Bids for IDBI Bank Stake Sale as Process Advances

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the matter. The transaction, one of the country’s most closely watched banking disinvestments, is progressing at a measured pace as officials review the offers and prepare for the next stage of the strategic sale process.

5 min readRead →
India Sports & CricketJust now (06:46 AM IST)

Sri Lanka’s Rumesh Pathirage Wins Javelin Gold as India Secures Double Podium at Asian Games 2026

Sri Lanka’s Rumesh Pathirage produced a breakthrough performance to win the men’s javelin title at the Asian Games 2026, underlining the event’s growing South Asian dominance. India also left its mark with a double podium finish, reinforcing the region’s long-standing strength in a discipline that has become a signature medal event for the subcontinent.

5 min readRead →
Banking, Fintech & InsuranceJust now (09:22 PM IST)

Government Reviews Revised Financial Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is moving forward at a steady pace as officials assess the offers and related terms.

5 min readRead →

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