{
  "id": 14453146,
  "title": "IDBI Bank Stake Sale For ₹52,878 Crore, How Nine-Year Journey From RBI Restrictions To Fairfax Takeover Unfolded",
  "url": "https://urgent.news/2026/10/14/idbi-bank-stake-sale-for-52-878-crore-how-nine-year-journey-from-rbi",
  "topic": "world",
  "section": "World",
  "published": "2026-10-14T12:44:32.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/idbi-bank-stake-sale-for-52878-crore-how-nine-year-journey-from-rbi-restrictions-to-fairfax-takeover-unfolded"
  },
  "original_language": "en",
  "account": "Mumbai: After a nine-year journey marked by regulatory restrictions, financial restructuring, and multiple rounds of bidding, the Indian government has approved the sale of a 60.72 per cent controlling stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore. This significant development in India's banking sector brings to an end a nine-year journey that began in 2017.",
  "summary": "Mumbai: IDBI Bank's nine-year journey from regulatory restrictions to strategic disinvestment has reached a major milestone, with the government approving the sale of a 60.72 per cent controlling stake to Fairfax Financial Holdings for Rs 52,878 crore. The transaction marks a significant development in India's banking sector, following years of financial restructuring, regulatory scrutiny and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "Cabinet approves Canada’s Fairfax as ‘strategic buyer’ of IDBI Bank for Rs 52,878 crore",
        "url": "https://urgent.news/2026/10/14/cabinet-approves-canadas-fairfax-as-strategic-buyer-of-idbi-bank-for",
        "published": "2026-10-14T10:47:06.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Fairfax To Acquire 60.72% Stake In IDBI Bank For ₹52,878 Crore",
        "url": "https://urgent.news/2026/10/14/fairfax-to-acquire-60-72-stake-in-idbi-bank-for-52-878-crore",
        "published": "2026-10-14T12:03:54.000Z"
      },
      {
        "outlet": "NDTV - India News",
        "title": "Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore",
        "url": "https://urgent.news/2026/10/14/centre-approves-60-72-stake-sale-in-idbi-bank-to-fairfax-for-rs-52",
        "published": "2026-10-14T12:05:28.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Fairfax Financial buying majority stake in India’s IDBI Bank for $7.9 billion",
        "url": "https://urgent.news/2026/10/14/fairfax-financial-buying-majority-stake-in-indias-idbi-bank-for-7-9",
        "published": "2026-10-14T13:48:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}