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New Delhi [India], October 14 (ANI): Union Finance Minister Nirmala Sitharaman hailed the Cabinet Committee on Economic Affairs' (CCEA) approval of IDBI Bank's strategic restructuring, saying the move...
10.14.2026 thehindubusinessline.com , business-standard.com , thehindu.com and 56 sites
New Delhi [India], October 14 (ANI): Life Insurance Corporation of India (LIC) will reduce its stake in IDBI Bank to 19 per cent as the Union Cabinet on Wednesday approved the strategic restructuring ...
10.14.2026 indiatimes.com , deccanherald.com , indianexpress.com and 90 sites
The finance ministry on Saturday said the legislative history of the IDBI (Repeal) Act, 2003, a Delhi High Court judgement and successive Union Budget speeches reflect the evolution of its policy towa...
10.17.2026 thehindubusinessline.com , indiatimes.com , business-standard.com and 39 sites
India’s sale of a controlling stake in IDBI Bank Ltd. to Canada’s Fairfax Financial Holdings Ltd. for nearly $6 billion helps jump-start the South Asian country’s push to reform its banking sector and...
10.15.2026 indiatimes.com , bloomberg.com , business-standard.com and 7 sites
TORONTO, Oct. 14, 2026 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“FFHL”) (TSX: FFH and FFH. U) and Fairfax India Holdings Corporation (“FIH”, and together with FFHL, collectively, “Fairfax”) (TSX: FIH. U) jointly announce today that the Government of India has declared a wholly-owned subsidiary of FFHL (the “Fairfax Purchaser”) the “Strategic Buyer” for a 60. 72% equity stake in IDBI Bank Limited (“IDBI Bank”) pursuant to the Government of India’s proposed strategic disinvestment of...
10.14.2026 hindustantimes.com , indiatimes.com , reuters.com and 39 sites
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a major festive-season bonus for Indian Railways employees, offering financial relief to more than 11 lakh workers ahead of Diw...
10.14.2026 Hindustantimes.com and 1 sites
Canadian investment group Fairfax Financial Holdings plans to bring its existing Indian financial services investments under IDBI Bank, creating a diversified financial services group spanning banking...
10.15.2026 Indiatimes.com and 4 sites
The Union Cabinet on Wednesday approved the sale of a 60. 72 per cent stake in IDBI Bank to Canada-based Fairfax Financial Holdings Ltd. This is the biggest foreign direct investment in India’s financ...
10.14.2026 business-standard.com , thehindubusinessline.com , deccanchronicle.com and 26 sites
Industry: Banking 6 minutes ago Canadian billionaire Prem Watsa’s Fairfax Financial Holdings will acquire a majority 60. 72% stake in IDBI Bank for ₹52, 878 crore ($5. 5 billion), in a deal approved b...
10.15.2026 Indiatimes.com and 2 sites
Canada is racing to seal a trade pact with India and deepen ties with the European Union as it seeks to reduce reliance on the US amid President Donald Trump's protectionist trade policy , Foreign Minister Anita Anand said on Wednesday. The push is...
10.14.2026 yahoo.com , reuters.com , indiatimes.com and 6 sites
