IDBI Bank sale to close by fiscal-end after RBI clearance: DIPAM Secretary
IDBI Bank is in focus.
· Business Today Mkts
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.
The analysis
IDBI Bank reported ₹53,000 crore, with movement of 60.72% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.4% on the day at ₹80.32, and has returned -4.4% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.0% over the same period, so IDBI Bank is running 1.6 points ahead of its peers.
For IDBI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: IDBI Bank (IDBI), in Banks.
- Over three months: IDBI Bank -4.4% against Banks -6.0% (1.6 points ahead).
- At least 25% below the 52-week high: IDBI Bank (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| IDBI BankIDBI · Banks | ₹80.32 | +0.4% | -2.3% | -4.4% | -30.8% | 0.5× | — |
Banks
1M -3.4% · 3M -6.0%
IDBI Bank
Financial Services
1M -8.8% · 3M -14.9%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
'IDBI Bank Was Handed To Us In Poor Shape': FM Sitharaman Hits Back At Rahul Gandhi Over Congress-Era Bad Loans
IDBI Bank's ₹52,878 crore sale: What explains the ₹3,917 crore increase in winning bid? Centre clarifies
Govt defends IDBI Bank valuation, says process added ₹3,917 cr to deal value
SBI Mutual Fund's AUM rises 10% to ₹13.1 trn; H1 operating profit up 11%
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%