Also known as IDBI Bank Limited, IDBI Bank Ltd
IDBI Bank is an Indian commercial bank majority-owned by the Indian government and state-run Life Insurance Corporation of India, with retail and institutional businesses and more than 2,000 branches. It had total assets of 4.44 trillion rupees, about $46.66 billion, as of June 2026.
The Reserve Bank of India placed IDBI under its prompt corrective action framework in 2017 and lifted the restrictions in 2021. On October 14, 2026 the government said Canada's Fairfax Financial Holdings would buy a combined 60.7% stake, leaving the government and LIC with about 34%, subject to Reserve Bank of India approval.
India's government said Fairfax Financial Holdings will buy a combined 60.7% stake in IDBI Bank from the government and state-run Life Insurance Corporation of India, at 81 rupees a share. Reuters valued the deal at 528.78 billion rupees, about $5.56 billion, and called it India's biggest cross-border bank deal. The sale still needs Reserve Bank of India approval.