IDBI Bank

Restarting IDBI Bank sale was futile, says DIPAM chief on Rs 52,878-crore deal: Report

Nov 06, 2026, 07:40 AM IST

Defending the government's decision to seek improved offers rather than cancelling the transaction or accepting initial bids, DIPAM Secretary Arunish Chawla clarified that the reserve price for the bank was never altered after the opening round.

IDBI Bank Sale Row: Rahul Gandhi vs Nirmala Sitharaman | Congress, BJP Clash Over Deal

Oct 30, 2026, 07:01 PM IST

A fresh political battle has erupted over the strategic disinvestment of IDBI Bank, with Congress leader Rahul Gandhi questioning the Modi government's handling of the sale and Finance Minister Nirmala Sitharaman delivering a sharp counterattack. Rahul Gandhi has accused the government of selling an institution created to support India's industrial development, while expressing solidarity with IDBI Bank employees. Sitharaman has rejected allegations of procedural irregularities, defended the bank's revival and accused previous Congress governments of political interference in banking. At the centre of the controversy is the proposed transfer of a 60.72% stake, involving holdings of the government and LIC, alongside questions about valuation, employee protection and public accountability. What does the dispute mean for IDBI Bank's future? Why has privatisation become such a heated political issue? And what could it mean for India's broader disinvestment strategy? Watch Business Today TV's detailed special report on the controversy.

PSUs not meant to be sold off, says Rahul Gandhi. INC used banks as personal entities, retorts FM Sitharaman

Oct 30, 2026, 12:19 PM IST

Loans to companies such as Videocon, Winsome, ABG Shipyard, Kingfisher turned bad, causing huge losses to IDBI Bank, said FM Sitharaman.

IDBI Bank sale: Finance Ministry defends second bidding round, says reserve price unchanged

Oct 29, 2026, 10:41 PM IST

The ministry said the first bidding round, conducted by the Department of Investment and Public Asset Management in FY2025-26, followed internal guidelines that were indicative rather than legally binding

IDBI Bank shares fall 3% to below Fairfax deal price; here's why

Oct 21, 2026, 12:34 PM IST

IDBI Bank, which has limited analyst coverage, has fallen 11 per cent since the Cabinet Committee on Economic Affairs (CCEA) approved the sale of a 60.72 per cent stake to Fairfax.

IDBI Bank Q2 net profit falls 39% to Rs 2,205 crore on year-ago's one-off gain

Oct 17, 2026, 03:05 PM IST

The lender said the year-ago quarter included a one-off gain of Rs 1,699 crore from the strategic sale of NSDL. Excluding this gain, net profit rose 14 per cent YoY.

Finance Ministry clarifies IDBI Bank divestment history amid ₹52,878-crore sale to Fairfax

Oct 17, 2026, 12:13 PM IST

The ministry has said the legislative history of the IDBI (Repeal) Act, 2003, a Delhi High Court judgment and successive Union Budget speeches collectively demonstrated the evolution of the government's policy towards strategic disinvestment of the bank.

Will IDBI Employees Lose Jobs? DIPAM Secretary Arunish Chawla Clears The Air On Pension & Benefit

Oct 16, 2026, 05:19 PM IST

The long wait is finally over. The Union Cabinet has officially greenlit the monumental ₹53,000 crore IDBI Bank disinvestment deal. In this conversation, DIPAM Secretary Arunish Chawla breaks down exactly how this historic privatization was executed. From navigating extreme stock volatility using the 'Market Multiple' and 'Asset Valuation' methods, to securing the upcoming RBI clearances and signing the Share Purchase Agreement - get all the inside details here! Most importantly, Chawla addresses the biggest concern on everyone's mind: what happens to the existing IDBI employees and pensioners? Will their service conditions and benefits remain safe under the new private promoters? Watch the full video to understand the roadmap of this mega banking reform.

Market Crash Or Big Buying Chance? Arun Kejriwal Decodes Dalal Street Strategy

Oct 16, 2026, 04:51 PM IST

Has Dalal Street finally bottomed out? With the Nifty reclaiming 23,100 and the IT index surging, market expert Arun Kejriwal joins Business Today TV to decode the shifting market sentiment. Despite relentless FII selling, strong domestic buying and a retail-driven IPO frenzy are keeping the bulls in charge. Kejriwal breaks down the massive impact of the IDBI Bank disinvestment, signaling strong government intent and paving the way for more PSU divestments. He also shares his top investment strategies, highlighting why large-caps are poised for a comeback and why REITs and InvITs offer reliable dividend returns in volatile markets. Plus, hear his bold predictions on the Jio IPO, the rupee's resilience, and the potential end of the Petrodollar era.

IDBI Bank sale to close by fiscal-end after RBI clearance: DIPAM Secretary

Oct 16, 2026, 03:17 PM IST

The government on Wednesday approved the sale of a 60.72 per cent stake in IDBI Bank to Canada's Fairfax Financial Holdings for about ₹53,000 crore.

IDBI Bank Divestment: Fairfax Deal Signals More PSU Bank Stake Sales And A Shift In Government Policy

Oct 16, 2026, 02:11 PM IST

The government's decision to divest its majority control in IDBI Bank in favour of Fairfax marks a significant development for India's banking sector and disinvestment strategy. Market expert Arun Kejriwal explains why the deal signals that policy paralysis may be easing, following years of banking reforms, capital infusion and efforts to control non-performing assets (NPAs). He also discusses the possibility of further stake sales in public sector banks as the government looks to meet its disinvestment targets and mobilise additional funds. Could these sales strengthen government finances amid rising crude oil prices? Like, Share, and Subscribe to our channel Business Today.