Recent events
Recent events tied to this brand in public sources.
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2026
IDBI Bank employees strike over planned privatization
IDBI Bank employees began a two-day nationwide strike to protest the planned privatization of the lender and called on the Central government to scrap the sale to Fairfax Financial Holdings.
2026
IDBI workers call strike opposing proposed takeover
The United Forum of IDBI Officers and Employees called for a two-day nationwide strike opposing the proposed sale of IDBI Bank to Fairfax. The union also raised concerns about the sale's transparency and valuation.
2026
India announces $5.5 billion sale of 60.7% stake in IDBI Bank to Fairfax Financial Holdings
India's Ministry of Finance announced on Wednesday the sale of a 60.7% stake in state-owned IDBI Bank to Canada's Fairfax Financial Holdings for over 529 billion rupees ($5.5 billion), with Fairfax's winning bid at 81 rupees per share. The government said the deal, which still requires approvals including a Reserve Bank of India fit-and-proper assessment, would become the largest foreign direct investment transaction in India's financial sector. IDBI Bank shares fell more than 7% on Thursday after the announcement.
2020
IDBI Bank launches banking services on WhatsApp
IDBI Bank announced the launch of banking services on WhatsApp, including account balance information, recent transactions, cheque-book requests, email statements, interest rates, and nearby branch and ATM details.
2020
IDBI Bank launches four specialised gold-loan branches
IDBI Bank launched four specialised gold-loan branches by remodelling existing branches in Tamil Nadu, Bengaluru and Hyderabad.