{"id":27575,"date":"2026-10-16T09:57:40","date_gmt":"2026-10-16T04:12:40","guid":{"rendered":"https:\/\/eng.dragonmedia.com.np\/?p=27575"},"modified":"2026-10-16T09:57:40","modified_gmt":"2026-10-16T04:12:40","slug":"india-approves-sale-of-majority-stake-in-idbi-bank-to-fairfax","status":"publish","type":"post","link":"https:\/\/eng.dragonmedia.com.np\/?p=27575","title":{"rendered":"<strong>India approves sale of majority stake in IDBI Bank to Fairfax<\/strong>"},"content":{"rendered":"<p><strong>Dragon Media Newsroom<\/strong><\/p>\n<p>India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings. The stake is held jointly by the Indian government and the state-run Life Insurance Corporation of India.<\/p>\n<p>India\u2019s Press Information Bureau put the proposed transaction at 528.78 billion rupees, or about $5.6 billion. The sale comprises the government\u2019s 30.48% holding and LIC\u2019s 30.24% stake.<\/p>\n<p>The Cabinet\u2019s approval does not mean the transaction has been completed. The share transfer and change in management control remain subject to the required regulatory and other procedures. If completed, it would rank among the largest foreign-controlled banking transactions in India.<\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/eng.dragonmedia.com.np\/?p=27575\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"time\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Dragon Media Newsroom India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings. The stake is held jointly by the Indian government and the state-run Life Insurance Corporation of India. India\u2019s Press Information Bureau put the proposed transaction at 528.78 billion rupees, or &hellip;<\/p>\n","protected":false},"author":4,"featured_media":27576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,160],"tags":[],"class_list":["post-27575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India approves sale of majority stake in IDBI Bank to Fairfax - Dragon Media<\/title>\n<meta name=\"description\" content=\"India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eng.dragonmedia.com.np\/?p=27575\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India approves sale of majority stake in IDBI Bank to Fairfax - Dragon Media\" \/>\n<meta property=\"og:description\" content=\"India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eng.dragonmedia.com.np\/?p=27575\" \/>\n<meta property=\"og:site_name\" content=\"Dragon Media\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61560346806474\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-16T04:12:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/10\/idbi.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"676\" \/>\n\t<meta property=\"og:image:height\" content=\"377\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"Dragon Media\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dragon Media\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575\"},\"author\":{\"name\":\"Dragon Media\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#\\\/schema\\\/person\\\/cbbc40ba051fb45aeb6f5846f090f5eb\"},\"headline\":\"India approves sale of majority stake in IDBI Bank to Fairfax\",\"datePublished\":\"2026-10-16T04:12:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575\"},\"wordCount\":122,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/idbi.gif\",\"articleSection\":[\"Asia\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575\",\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575\",\"name\":\"India approves sale of majority stake in IDBI Bank to Fairfax - Dragon Media\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/idbi.gif\",\"datePublished\":\"2026-10-16T04:12:40+00:00\",\"description\":\"India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#primaryimage\",\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/idbi.gif\",\"contentUrl\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/idbi.gif\",\"width\":676,\"height\":377},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?p=27575#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"India approves sale of majority stake in IDBI Bank to Fairfax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#website\",\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/\",\"name\":\"\u0921\u094d\u0930\u093e\u0917\u0928 \u092e\u093f\u0921\u093f\u092f\u093e\",\"description\":\"committed to true &amp; factual news.\",\"publisher\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#organization\",\"name\":\"\u0921\u094d\u0930\u093e\u0917\u0928 \u092e\u093f\u0921\u093f\u092f\u093e\",\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/3.png\",\"contentUrl\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/3.png\",\"width\":511,\"height\":113,\"caption\":\"\u0921\u094d\u0930\u093e\u0917\u0928 \u092e\u093f\u0921\u093f\u092f\u093e\"},\"image\":{\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61560346806474\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/#\\\/schema\\\/person\\\/cbbc40ba051fb45aeb6f5846f090f5eb\",\"name\":\"Dragon Media\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/dragon-media-thumnail-512-96x96.png\",\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/dragon-media-thumnail-512-96x96.png\",\"contentUrl\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/dragon-media-thumnail-512-96x96.png\",\"caption\":\"Dragon Media\"},\"sameAs\":[\"https:\\\/\\\/eng.dragonmedia.com.np\"],\"url\":\"https:\\\/\\\/eng.dragonmedia.com.np\\\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India approves sale of majority stake in IDBI Bank to Fairfax - Dragon Media","description":"India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eng.dragonmedia.com.np\/?p=27575","og_locale":"en_US","og_type":"article","og_title":"India approves sale of majority stake in IDBI Bank to Fairfax - Dragon Media","og_description":"India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings.","og_url":"https:\/\/eng.dragonmedia.com.np\/?p=27575","og_site_name":"Dragon Media","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61560346806474","article_published_time":"2026-10-16T04:12:40+00:00","og_image":[{"width":676,"height":377,"url":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/10\/idbi.gif","type":"image\/gif"}],"author":"Dragon Media","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dragon Media"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#article","isPartOf":{"@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575"},"author":{"name":"Dragon Media","@id":"https:\/\/eng.dragonmedia.com.np\/#\/schema\/person\/cbbc40ba051fb45aeb6f5846f090f5eb"},"headline":"India approves sale of majority stake in IDBI Bank to Fairfax","datePublished":"2026-10-16T04:12:40+00:00","mainEntityOfPage":{"@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575"},"wordCount":122,"commentCount":0,"publisher":{"@id":"https:\/\/eng.dragonmedia.com.np\/#organization"},"image":{"@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#primaryimage"},"thumbnailUrl":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/10\/idbi.gif","articleSection":["Asia","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/eng.dragonmedia.com.np\/?p=27575#respond"]}]},{"@type":"WebPage","@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575","url":"https:\/\/eng.dragonmedia.com.np\/?p=27575","name":"India approves sale of majority stake in IDBI Bank to Fairfax - Dragon Media","isPartOf":{"@id":"https:\/\/eng.dragonmedia.com.np\/#website"},"primaryImageOfPage":{"@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#primaryimage"},"image":{"@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#primaryimage"},"thumbnailUrl":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/10\/idbi.gif","datePublished":"2026-10-16T04:12:40+00:00","description":"India\u2019s Cabinet has approved the proposed sale of a 60.72% stake in IDBI Bank to a subsidiary of Canada\u2019s Fairfax Financial Holdings.","breadcrumb":{"@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eng.dragonmedia.com.np\/?p=27575"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#primaryimage","url":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/10\/idbi.gif","contentUrl":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/10\/idbi.gif","width":676,"height":377},{"@type":"BreadcrumbList","@id":"https:\/\/eng.dragonmedia.com.np\/?p=27575#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eng.dragonmedia.com.np\/"},{"@type":"ListItem","position":2,"name":"India approves sale of majority stake in IDBI Bank to Fairfax"}]},{"@type":"WebSite","@id":"https:\/\/eng.dragonmedia.com.np\/#website","url":"https:\/\/eng.dragonmedia.com.np\/","name":"\u0921\u094d\u0930\u093e\u0917\u0928 \u092e\u093f\u0921\u093f\u092f\u093e","description":"committed to true &amp; factual news.","publisher":{"@id":"https:\/\/eng.dragonmedia.com.np\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eng.dragonmedia.com.np\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/eng.dragonmedia.com.np\/#organization","name":"\u0921\u094d\u0930\u093e\u0917\u0928 \u092e\u093f\u0921\u093f\u092f\u093e","url":"https:\/\/eng.dragonmedia.com.np\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eng.dragonmedia.com.np\/#\/schema\/logo\/image\/","url":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/03\/3.png","contentUrl":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2026\/03\/3.png","width":511,"height":113,"caption":"\u0921\u094d\u0930\u093e\u0917\u0928 \u092e\u093f\u0921\u093f\u092f\u093e"},"image":{"@id":"https:\/\/eng.dragonmedia.com.np\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61560346806474"]},{"@type":"Person","@id":"https:\/\/eng.dragonmedia.com.np\/#\/schema\/person\/cbbc40ba051fb45aeb6f5846f090f5eb","name":"Dragon Media","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2024\/08\/dragon-media-thumnail-512-96x96.png","url":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2024\/08\/dragon-media-thumnail-512-96x96.png","contentUrl":"https:\/\/eng.dragonmedia.com.np\/wp-content\/uploads\/2024\/08\/dragon-media-thumnail-512-96x96.png","caption":"Dragon Media"},"sameAs":["https:\/\/eng.dragonmedia.com.np"],"url":"https:\/\/eng.dragonmedia.com.np\/?author=4"}]}},"views":7,"_links":{"self":[{"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/posts\/27575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27575"}],"version-history":[{"count":1,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/posts\/27575\/revisions"}],"predecessor-version":[{"id":27577,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/posts\/27575\/revisions\/27577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=\/wp\/v2\/media\/27576"}],"wp:attachment":[{"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eng.dragonmedia.com.np\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}