From The Economic Times · PTI · · 1m 30s
Govt Evaluates IDBI Bank Sale Bids
Government assesses financial bids for strategic stake sale of IDBI Bank.
In brief
Government assesses financial bids for strategic stake sale of IDBI Bank. The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for a 60.72% stake in IDBI Bank after the process restarted this year. Originally reported by The Economic Times.
Government evaluates IDBI Bank sale bids
The government is evaluating financial bids for strategic stake sale in IDBI Bank and the process is moving at a steady pace, government sources said on Friday.
Revised bids submitted in July
Billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD submitted revised bids to buy 60.72 per cent in IDBI Bank on July 13, 2026.
Bidders have banking experience
Both bidders have experience in the Indian banking sector, with Emirates NBD acquiring majority stake in RBL Bank and Fairfax Financial holding 40 per cent in CSB Bank.
Bidders cleared for security
The bidders already have security clearance from Ministry of Home Affairs and 'Fit and Proper' assessment from the Reserve Bank of India.
Government and LIC hold stake
The government and state-owned LIC together hold 94.71 per cent stake in IDBI Bank, with government owning 45.48 per cent and LIC holding 49.24 per cent.
Government to sell 60.72 per cent stake
The government and LIC are looking to sell 60.72 per cent stake in IDBI Bank, with government selling 30.48 per cent and LIC selling 30.24 per cent.
The headline
The Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for a 60.72% stake in IDBI Bank after the process restarted this year.
