Cabinet approves Fairfax’s ₹52,878-crore bid for IDBI Bank; largest FDI ever in India’s financial sector
The proposed sale of a combined 60.72% stake held by the government and Life Insurance Corporation of India (LIC) would transfer control of the lender to Fairfax. File. | Photo Credit: Reuters The Cabinet on Wednesday (October 14, 2026) approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for ₹52,878…