IDBI Bank Ltd's 60.72% of total shareholding is being sold through the transaction, comprising 30.48% stake held by the Government of India and 30.24% stake held by LIC.

The Government of India has released 15 Frequently Asked Questions (FAQs) on the strategic restructuring of IDBI Bank Ltd., explaining the approved strategic buyer, transaction value, valuation ...

The government’s approval on Wednesday to sell a controlling stake in IDBI Bank to a Fairfax Financial Holdings-backed entity marks a major change in the lender’s ownership, but customers do not need ...

Investors will assess IDBI Bank’s earnings performance alongside the proposed Fairfax acquisition deal when trading resumes ...

IDBI Bank on Saturday reported a 39 per cent fall in net profit to ₹2,205 crore for the second quarter ended September 2026, as non-interest income moderated. The LIC-controlled bank earned a profit ...

IDBI Bank reported a 39% year-on-year decline in net profit to ₹2,205 crore for the second quarter of financial year 2026–27, as lower other income weighed on its earnings. The ...

The government’s decision to average fair market and asset values to determine IDBI Bank’s disinvestment price will not set a precedent for future stake sales, a senior government official said on ...

Mumbai: Hours after the Union cabinet on Wednesday approved the sale of the government’s 60.72% stake in IDBI Bank to Fairfax ...

According to the bank's earnings release, net profit stood at Rs 3,627 crore in the corresponding quarter last year, which included a one-time gain of Rs 1,699 crore from the sale of its strategic ...

The Indian government has given its nod to sell a majority stake in IDBI Bank to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd, signalling a new chapter for the bank and reflecting ...

Shares of IDBI Bank fell over 7 per cent on Thursday, October 15, with the stock declining to Rs 83.98 at 10:58 am. The stock had closed at Rs 90.39 in the previous trading session. IDBI Bank shares ...