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Banking, Fintech & Insurance 13 Nov 2026, 08:00 AM IST

Fairfax’s Rs 52,878-Crore IDBI Bank Bet Sets Up a New Financial Services Platform

Fairfax Financial Holdings has secured a controlling stake in IDBI Bank in a Rs 52,878-crore transaction that could reshape the lender into a broader financial services platform. The Canadian investor plans to use IDBI’s banking infrastructure to deepen its presence across insurance and capital markets, signaling a long-term push to build scale in India’s fast-expanding financial sector.

By RDU Global Wire5 min read

Banking, Fintech & Insurance12 Nov 2026, 08:00 AM IST

IDBI Bank Staff Forum Seeks Parliamentary Review of Fairfax Stake Sale Amid Market Volatility

The United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank’s majority stake, urging an immediate suspension of the process amid heightened market volatility. The forum says the transaction lacks sufficient justification and transparency, and has called for a comprehensive review under parliamentary scrutiny before any further step is taken.

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Banking, Fintech & Insurance11 Nov 2026, 08:00 AM IST

IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Review

A forum representing IDBI Bank officers and employees has opposed the government’s proposed transfer of a majority stake in the lender to Fairfax Financial Holdings, arguing that the transaction warrants deeper public scrutiny and parliamentary review. The employees’ body has raised concerns over possible undervaluation of the bank’s assets and the broader social responsibilities attached to a state-linked banking institution.

5 min readRead →

Banking, Fintech & Insurance08 Nov 2026, 08:00 AM IST

Sitharaman Says NDA Revived IDBI Bank After UPA-Era Loan Stress

Finance Minister Nirmala Sitharaman has defended the government’s plan to privatise IDBI Bank, arguing that the lender was revived through the NDA’s corrective measures after suffering under a bad loan crisis during the UPA years. Her remarks came amid renewed criticism from Congress leader Rahul Gandhi, whom she accused of politicising banking reforms and ignoring the strain earlier administrations placed on bank employees. The exchange underscores how the IDBI stake sale has become both a policy issue and a political flashpoint.

5 min readRead →

Banking, Fintech & Insurance07 Nov 2026, 05:00 PM IST

IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Review

The United Forum of IDBI Officers and Employees has opposed the government’s planned sale of a majority stake in IDBI Bank to Fairfax Financial Holdings, arguing that the transaction could undervalue the lender’s assets and weaken public accountability. The employees’ body has called for parliamentary scrutiny, framing the deal as a matter that goes beyond valuation and into the bank’s social responsibilities.

5 min readRead →

Banking, Fintech & Insurance07 Nov 2026, 02:00 PM IST

IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Review

The United Forum of IDBI Officers and Employees has opposed the government’s proposed majority stake sale in IDBI Bank to Fairfax Financial Holdings, warning that the transaction may undervalue the lender’s assets and weaken public accountability. The forum has called for parliamentary scrutiny, arguing that the deal raises broader questions about the bank’s social obligations and the future of a strategically important financial institution.

4 min readRead →

Banking, Fintech & Insurance05 Nov 2026, 05:00 PM IST

Finance Ministry Defends IDBI Bank Sale Valuation, Says Reserve Price Was Never Altered

The finance ministry on Tuesday defended the valuation and bidding framework used in the proposed sale of IDBI Bank, saying the process was reviewed and approved by the core group of secretaries on disinvestment. It said Fairfax’s Rs 81-a-share offer cleared the benchmark and independent fair-value estimates, and that safeguards in the transaction were designed to maximise value for the government and LIC.

6 min readRead →

Global Health & Biotech03 Nov 2026, 08:00 AM IST

Canada-India $5.5 Billion Bank Sale Draws Worker and Political Backlash

A proposed $5.5 billion takeover involving a Canadian-Indian banking transaction has triggered sharp opposition from workers and political critics, who argue the move risks public assets and employee interests. In India, IDBI Bank workers are pressing the government to abandon the privatization process and instead strengthen the lender while safeguarding public investment and jobs.

5 min readRead →

Banking, Fintech & Insurance02 Nov 2026, 05:00 PM IST

IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Review

The United Forum of IDBI Officers and Employees has opposed the government’s proposed majority stake sale in IDBI Bank to Fairfax Financial Holdings, arguing that the transaction warrants deeper public and parliamentary scrutiny. The forum has raised concerns over possible undervaluation of the lender’s assets and the broader social responsibilities attached to a bank with a large public-interest footprint.

6 min readRead →

Global Economy & Central Banks02 Nov 2026, 05:00 PM IST

Canada-India $5.5 Billion Bank Sale Draws Worker and Political Backlash

A proposed $5.5 billion takeover involving a Canadian-Indian banking transaction has triggered sharp resistance from workers and political voices, with IDBI Bank employees urging the government to halt the privatization process. The dispute has sharpened the debate over public ownership, strategic banking assets, and the future of staff protections as India advances one of its most closely watched disinvestment efforts.

5 min readRead →

Banking, Fintech & Insurance02 Nov 2026, 08:00 AM IST

IDBI Bank Sale Signals $6 Billion Surge in Global Appetite for India

The planned sale of a controlling stake in IDBI Bank, valued at roughly $6 billion, is emerging as a landmark test of India’s banking reform agenda and a fresh signal of global investor confidence in the country’s financial system. Market participants say the transaction could widen the pipeline for large-scale deal-making in India, as international capital looks to deepen exposure to one of the world’s fastest-growing major economies.

6 min readRead →

Banking, Fintech & Insurance01 Nov 2026, 05:00 PM IST

Prem Watsa Says Fairfax Is Backing India’s Next Decade of Growth Through IDBI Bank

Fairfax Financial chairman Prem Watsa said the group is positioning itself to benefit from India’s long-term economic expansion, underscoring its major stake in IDBI Bank as a strategic bet on the country’s growth story. Watsa expressed confidence in the lender’s recovery after years of stress, while stressing that fiscal discipline and employee welfare will remain central to the turnaround.

5 min readRead →

Banking, Fintech & Insurance01 Nov 2026, 02:00 PM IST

IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Scrutiny

The United Forum of IDBI Officers and Employees has opposed the government’s proposed sale of a majority stake in IDBI Bank to Fairfax Financial Holdings, arguing that the transaction may undervalue the lender’s assets and should be subjected to deeper public and parliamentary review. The planned deal, estimated at about Rs 53,000 crore, has reopened debate over valuation, ownership, and the social obligations of a bank with a long public-sector legacy.

5 min readRead →

Banking, Fintech & Insurance01 Nov 2026, 08:00 AM IST

IDBI Bank Staff Forum Opposes Fairfax Stake Sale, Demands Parliamentary Review

The United Forum of IDBI Officers and Employees has opposed the government’s planned sale of a majority stake in IDBI Bank to Fairfax Financial Holdings, arguing that the transaction warrants deeper public and parliamentary scrutiny. The employee body has raised concerns over possible undervaluation of the lender’s assets and the broader social obligations attached to a bank with public-sector roots.

5 min readRead →

Banking, Fintech & Insurance31 Oct 2026, 08:00 PM IST

Fairfax Puts Forward Plan to Untangle IDBI-CSB Ownership Overlap

Fairfax Financial Holdings has proposed a path to resolve the ownership overlap between IDBI Bank and CSB Bank, with a merger of the two lenders emerging as the most likely outcome, according to sources. The move could allow the Canadian investor to consolidate its banking interests under a single licence and simplify a structure that has drawn regulatory and strategic scrutiny.

5 min readRead →

Banking, Fintech & Insurance31 Oct 2026, 08:00 PM IST

Finance Ministry Defends IDBI Valuation, Says Reserve Price Was Not Altered

The Finance Ministry on Tuesday defended the valuation framework used in the proposed sale of IDBI Bank, saying the process was reviewed and approved by the core group of secretaries on disinvestment. It said Fairfax’s Rs 81-a-share offer cleared the benchmark and independent fair-value estimates, and that safeguards in the bidding structure were designed to maximise value for the government and Life Insurance Corporation of India.

5 min readRead →

Banking, Fintech & Insurance30 Oct 2026, 05:00 PM IST

India Becomes Fairfax’s Biggest Exposure as Prem Watsa Backs IDBI Bank and Says He Has Zero AI Bets

Canadian investor Prem Watsa said India has become Fairfax Financial Holdings’ largest country exposure, underscoring the firm’s long-term conviction in the Indian economy as it moves to acquire a majority stake in IDBI Bank. In a phone interview, Watsa said the company has made no bets on artificial intelligence, even as global markets chase the theme, and framed the IDBI transaction as a vote of confidence in India’s growth prospects.

5 min readRead →

Banking, Fintech & Insurance30 Oct 2026, 02:00 PM IST

"Nothing to fear": Top bureaucrat says IDBI staff, pensioners' service conditions won't change after Fairfax deal

The government has sought to calm anxieties among IDBI Bank employees and pensioners as the proposed strategic sale to Fairfax advances, with the Department of Investment and Public Asset Management secretary saying their service conditions will remain unchanged. The assurance comes amid rising labour resistance, including a planned strike at IDBI branches in early November backed by the United Forum of Bank Unions.

5 min readRead →

Banking, Fintech & Insurance29 Oct 2026, 08:01 PM IST

Government to Retain 15% in IDBI Bank as LIC Keeps 19% in Fairfax-Backed Exit Plan

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation will hold 19%, marking a significant 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, while the Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism to handle minority stake sales.

5 min readRead →

Banking, Fintech & Insurance28 Oct 2026, 02:00 PM IST

IDBI-Fairfax Deal: Employees’ Service Conditions Fully Protected, Says DIPAM Secretary

The government has sought to reassure employees as the long-pending strategic transaction involving IDBI Bank moves ahead, with the Department of Investment and Public Asset Management saying service conditions will remain fully protected. The assurance is aimed at calming concerns over job security and continuity as the disinvestment process advances under close regulatory and policy scrutiny. The deal remains significant not only for banking-sector ownership reform but also for broader market confidence in India’s asset-sale programme.

5 min readRead →

Banking, Fintech & Insurance28 Oct 2026, 02:00 PM IST

Fairfax Puts Forward Plan to Resolve IDBI-CSB Ownership Overlap

Fairfax Financial has предложed a path to resolve the ownership overlap between IDBI Bank and CSB Bank, with a merger of the two lenders emerging as the most likely outcome, sources said. The structure could allow the Canadian investor to consolidate its banking holdings under a single licence while addressing regulatory concerns over dual control.

5 min readRead →

Banking, Fintech & Insurance27 Oct 2026, 08:00 PM IST

Fairfax Takes Control of IDBI Bank, but the Real Test Begins Now

Fairfax Financial’s subsidiary has secured a 60.7% stake in IDBI Bank in a ₹52,878 crore transaction, setting the stage for a major shift in ownership and management. The deal gives the new controlling shareholder a rare opportunity to reshape the lender, but the harder task will be improving asset quality, managing employee resistance and sustaining profitability in a competitive banking market.

5 min readRead →

Banking, Fintech & Insurance26 Oct 2026, 02:00 PM IST

Moody’s Sees Limited Leverage Impact for Fairfax in IDBI Bank Takeover

Moody’s expects Fairfax Financial Holdings’ planned majority acquisition of IDBI Bank to have only a limited effect on the Canadian investor’s leverage, underscoring the group’s financial flexibility as it expands in India. The transaction, aimed at deepening Fairfax’s exposure to India’s banking market, comes as IDBI Bank has strengthened profitability since 2021 under improved management and operating discipline.

5 min readRead →

Banking, Fintech & Insurance26 Oct 2026, 08:00 AM IST

IDBI Bank Sale Signals $6 Billion Test of India’s Reform Momentum

The planned sale of a controlling stake in IDBI Bank, valued at roughly $6 billion, is emerging as a landmark test of India’s banking reform agenda and a fresh signal of global appetite for the country’s financial assets. The transaction has drawn attention from international investors and market participants who see India’s deepening capital markets and improving regulatory framework as increasingly attractive for large-scale dealmaking.

5 min readRead →

Banking, Fintech & Insurance25 Oct 2026, 08:00 PM IST

Fairfax Proposes Path to Resolve IDBI-CSB Ownership Overlap as Merger Emerges as Leading Option

Fairfax Financial is exploring a structure to resolve the ownership overlap between IDBI Bank and CSB Bank, with a merger of the two lenders emerging as the most likely solution, sources said. The move could allow the Canadian investor to consolidate its banking interests under a single licence while addressing regulatory and governance complications tied to dual holdings.

5 min readRead →

Banking, Fintech & Insurance24 Oct 2026, 05:00 PM IST

Government to Retain 15% in IDBI Bank as LIC Cuts to 19% in Fairfax Deal

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a key step in the bank’s long-running strategic disinvestment. Both shareholders will withdraw their nominees from the board and transition into public shareholders as the transaction advances under the Cabinet Committee on Economic Affairs’ empowered framework.

5 min readRead →

Banking, Fintech & Insurance23 Oct 2026, 08:00 PM IST

IDBI Bank Q2 Profit Falls 39% to Rs 2,205 Crore as One-Time Gain Drops Out

IDBI Bank reported a 39% year-on-year decline in second-quarter net profit to Rs 2,205 crore for FY27, reflecting the absence of a large one-time gain from the sale of its NSDL stake in the comparable period last year. On an adjusted basis, however, the lender said profit would have risen 14%, underscoring underlying operating resilience despite the headline decline.

5 min readRead →

Banking, Fintech & Insurance23 Oct 2026, 05:00 PM IST

Fairfax’s IDBI Bank Buy Became India’s Biggest Banking Deal Without Wall Street Advisers

Fairfax Financial Holdings’ $5.6 billion acquisition of a controlling stake in IDBI Bank stands out not only as the largest foreign investment in India’s banking sector, but also as an unusually lean transaction executed without major investment banks. The deal was completed without a formal adviser appointment process by Fairfax or IDBI Bank, while KPMG advised the government and two professional agencies helped assess fair value.

5 min readRead →

Banking, Fintech & Insurance23 Oct 2026, 02:00 PM IST

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

The Indian government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a significant step in the lender’s long-running strategic disinvestment process. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, with the Cabinet Committee on Economic Affairs empowering the Alternative Mechanism to approve minority stake sales.

5 min readRead →

Banking, Fintech & Insurance22 Oct 2026, 02:00 PM IST

Fairfax Floats Merger Path to Resolve IDBI-CSB Ownership Overlap

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 outcome, according to sources. The structure could allow the Canadian investor to consolidate its banking exposure under a single licence while addressing regulatory and strategic complications in India.

5 min readRead →

Banking, Fintech & Insurance21 Oct 2026, 08:00 PM IST

DIPAM Says IDBI-Fairfax Deal Fully Protects Employees as Stake Sale Advances

The government has said that employees’ service conditions at IDBI Bank will remain fully protected as the long-running privatisation process moves ahead, easing one of the key concerns around the proposed sale. DIPAM Secretary Arunish Chawla said the transaction structure has been designed to safeguard staff interests while allowing the strategic disinvestment to proceed.

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 08:01 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 being justified less by near-term earnings optics and more by the strategic value of scale, branch reach and a large low-cost deposit base in India. The deal, they argue, could give Fairfax a stronger platform to build a diversified financial ecosystem across banking and adjacent financial services.

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 05:00 PM IST

Fairfax’s IDBI Premium Seen as Justified by Strategic Fit, Scale

Analysts say Fairfax Financial Holdings’ acquisition of a stake in IDBI Bank carries a premium that is defensible on strategic grounds, given the lender’s branch footprint, deposit base and potential to anchor a broader financial services platform in India. The deal is being viewed less as a near-term earnings play and more as a long-term bet on distribution, liability franchise and ecosystem expansion.

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 02:00 PM IST

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

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

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 02:00 PM IST

Fairfax to Fold IIFL Capital, Digit Into IDBI Bank After $5.56 Billion India Deal

Fairfax Financial Holdings plans to consolidate its Indian financial assets under IDBI Bank after India approved its Rs 52,878 crore acquisition of a 60.7% stake in the lender. The proposed restructuring would bring together banking, insurance, investment banking and wealth management, subject to regulatory clearances and integration approvals.

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 08:00 AM IST

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

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, distribution and a larger deposit franchise in India. The deal is viewed as a potential platform for building a more diversified financial ecosystem, with branch reach and liability growth at the center of the investment case.

5 min readRead →

Banking, Fintech & Insurance19 Oct 2026, 08:00 PM IST

Fairfax Plans to Fold IIFL Capital, Digit Into IDBI Bank After $5.56 Billion India Stake Deal

Fairfax Financial Holdings is preparing to reorganise its Indian financial assets under IDBI Bank after regulators cleared its Rs 52,878 crore acquisition of a 60.7% stake in the lender. The proposed structure would bring together banking, insurance, investment banking and wealth management under one umbrella, subject to further approvals and integration steps.

5 min readRead →

Banking, Fintech & Insurance19 Oct 2026, 02:00 PM IST

Prem Watsa Says Fairfax Is Betting on India’s Next Decade Through IDBI Bank

Fairfax Financial chairman Prem Watsa said the group is positioning itself to benefit from India’s long-term economic expansion, underscoring its major stake in IDBI Bank as a strategic bet on the country’s growth story. He expressed confidence in the lender’s recovery after years of stress, while stressing that fiscal discipline and employee welfare will remain central to the turnaround.

6 min readRead →

Banking, Fintech & Insurance19 Oct 2026, 08:00 AM IST

India Becomes Fairfax’s Largest Exposure as Prem Watsa Backs IDBI Bank and Shrugs Off AI Bets

Canadian billionaire Prem Watsa said India has become Fairfax Financial Holdings’ largest country exposure, underscoring the firm’s deepening conviction in the Indian economy as the government clears the divestment of a majority stake in IDBI Bank. In a phone interview, the Fairfax chairman said the group has no direct bets on artificial intelligence, even as it continues to deploy capital selectively across financial services and other long-duration opportunities.

6 min readRead →

Banking, Fintech & Insurance18 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.

5 min readRead →

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 →

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Co-Occurring Entities

Entities frequently referenced alongside IDBI Bank:

New Delhi(51)Fairfax Financial Holdings(35)India(27)Prem Watsa(18)Emirates NBD(12)Life Insurance Corporation of India(11)