Fairfax Financial Holdings Acquisition of IDBI Bank

2 UPDATES · 1 DAY · 15 OCT 2026 — 15 OCT 2026

Narendra ModiPM ModiDelhi

Latest · 15 Oct 2026

Fairfax Financial Holdings Ltd. acquired a 60.7% stake in IDBI Bank Ltd. for nearly $6 billion at 81 rupees per share.

What this timeline covers

This event covers the sale of IDBI Bank by the Narendra Modi government and includes its fiscal impact, reactions from economists, and subsequent analyses. It excludes other actions by the Modi government, the bank, or the mentioned economists unless they are direct developments of this specific sale.

The full story, from the beginning

15Oct

STORY BEGINS — NDTV

The $5.6 billion IDBI Bank sale exceeds annual asset-sale targets for the first time in seven years, providing the government fiscal relief to meet a 4.3 per cent deficit target.

LATEST UPDATE — NDTV

Fairfax Financial Holdings Ltd. acquired a 60.7% stake in IDBI Bank Ltd. for nearly $6 billion at 81 rupees per share.

Awaiting next development