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Prem Watsa

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Banking, Fintech & Insurance 01 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.

By RDU Global Wire5 min read

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.

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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.

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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 & 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 & 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 →

Banking, Fintech & Insurance16 Oct 2026, 02:18 AM IST

Canadian Billionaire and Asian Banking Giants Bet ₹1.32 Lakh Crore on India’s Financial Sector

Foreign capital is accelerating into India’s banking and financial services market, with a wave of high-value investments signalling renewed confidence in the sector’s long-term growth. Fairfax Financial Holdings, Mitsubishi UFJ Financial Group and Emirates NBD have each moved to secure strategic positions in Indian lenders, collectively underscoring the scale of global interest in the country’s financial architecture.

6 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 11:34 PM IST

Prem Watsa’s Fairfax Makes Its Biggest India Bet Yet With IDBI Bank Takeover

Prem Watsa’s Fairfax Financial is set to acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, in what would become India’s largest cross-border banking transaction. The deal signals a long-term attempt to build a broader financial services platform spanning banking, insurance, wealth management and capital markets, but it still faces regulatory scrutiny and execution risk.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 03:00 PM IST

Prem Watsa’s Fairfax Makes Biggest India Bet Yet With IDBI Bank Deal

Prem Watsa’s Fairfax Financial has agreed to acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, in what is set to become India’s largest cross-border banking transaction. The deal underscores a long-term plan to build a broader financial services platform spanning banking, insurance, wealth management and capital markets, but it still faces regulatory scrutiny, integration challenges and questions over overlapping ownership with CSB Bank.

5 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 02:56 PM IST

Government Evaluating Revised Bids for IDBI Bank Stake Sale, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is advancing steadily as officials review the offers and weigh the next steps.

5 min readRead →

Banking, Fintech & InsuranceJust now (12:55 PM IST)

Government Evaluates Revised Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of its 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the country’s most closely watched banking disinvestments, is advancing steadily as officials review the offers and prepare for the next stage of the strategic sale.

6 min readRead →

Banking, Fintech & InsuranceJust now (12:35 PM IST)

Government Reviews Revised Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation exercises in the financial sector, is moving ahead at a measured pace as officials assess the final offers and related terms.

5 min readRead →

Healthcare, Pharma & Life SciencesJust now (10:10 AM IST)

A Lawyer Who Led India: Gandhi’s Legal Mind Still Shapes the Republic

On Gandhi Jayanti and the International Day of Non-Violence, The Hindu’s collection marking Mahatma Gandhi’s 157th birth anniversary revisits the paradox at the heart of India’s freedom struggle: a barrister who became the nation’s most influential political moralist. The anniversary has renewed attention on Gandhi’s legal training, his methods of mass mobilisation, and the continuing relevance of non-violence in public life. The collection arrives at a time when India is again debating the relationship between law, ethics, dissent, and state power.

6 min readRead →

India Sports & CricketJust now (06:46 AM IST)

Sri Lanka’s Rumesh Pathirage Wins Javelin Gold as India Secures Double Podium at Asian Games 2026

Sri Lanka’s Rumesh Pathirage produced a breakthrough performance to win the men’s javelin title at the Asian Games 2026, underlining the event’s growing South Asian dominance. India also left its mark with a double podium finish, reinforcing the region’s long-standing strength in a discipline that has become a signature medal event for the subcontinent.

5 min readRead →

Banking, Fintech & InsuranceJust now (09:22 PM IST)

Government Reviews Revised Financial Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the most closely watched privatisation efforts in the financial sector, is moving forward at a steady pace as officials assess the offers and related terms.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Prem Watsa:

IDBI Bank(18)New Delhi(14)Fairfax Financial Holdings(14)India(9)Emirates NBD(8)Fairfax Financial(5)