Fairfax
- INDIAINDIA · 2 min
IDBI Bank Q2 net profit falls 39% amid Fairfax deal and rising interest income
IDBI Bank reported a 39% year-on-year decline in standalone net profit for the second quarter ended September 2026, posting ₹2,205 crore compared to ₹3,627…
18 Oct, 10:05 pm IST - INDIAINDIA · 2 min
Fairfax to consolidate IIFL Capital, Digit under IDBI Bank after $5.56 billion deal
Fairfax Financial Holdings will consolidate its Indian financial services investments by bringing IIFL Capital Services and Digit under IDBI Bank after acq…
15 Oct, 08:05 pm IST - INDIAINDIA · 2 min
Fairfax to acquire 60.72% stake in IDBI Bank for ₹52,878 crore
The Indian government approved the sale of a 60.72% stake in IDBI Bank to Canada's Fairfax Financial Holdings for ₹52,878 crore, marking the country's largest strategic disinvestment since Air India.
15 Oct, 10:05 am IST - POLICYPOLICY · 2 min
Cabinet approves Rs 52,878 crore sale of IDBI Bank stake to Fairfax arm
The Union Cabinet approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings’ subsidiary, M/s 10955230 Canada Inc., for Rs 52,878.08 crore.
14 Oct, 08:05 pm IST