IDBI Bank divestment

14 Oct 2026 · 17:35

Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore

LIC's holding in IDBI Bank is expected to drop from 19 per cent to 15 per cent over the next two years.

14 Oct 2026 · 18:24

IDBI restructuring to boost banking sector: FM

New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said the Cabinet Committee on Economic Affairs' (CCEA) approval for the strategic restructuring of IDBI Bank will pave the way for attracting foreign direct investment (FDI), while the government retains a minority stake in the lender.In a post on X, Sitharaman said the government had supported the bank's recovery and was now enabling its next phase of growth through the proposed restructuring.Also read: Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI"Propelled by Hon'ble Prime Mi