#Bank Privatization

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N. S. Kannan proposed as chairman of the new IDBI-led financial group following Fairfax's planned acquisition, with IDBI Bank branding in the background.

Fairfax IDBI Bank Acquisition: N.S. Kannan Proposed as Chairman

Fairfax proposes ICICI veteran N.S. Kannan to lead its ambitious IDBI Bank-anchored financial group. Discover how combining IDBI, Go Digit, and IIFL Capital could disrupt India's banking, wealth, and insurance sectors.

Fairfax IDBI Bank acquisition worth ₹52,878 crore, featuring IDBI Bank, Fairfax, Digit Insurance and IIFL Capital in a proposed financial services restructuring.

IDBI Bank Sold! Inside Fairfax’s ₹52,878Cr Mega Masterplan

Fairfax wants to transform IDBI Bank into an unstoppable financial conglomerate by injecting Go Digit and IIFL Capital. Here is the ultimate breakdown of India’s most explosive banking deal.

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(2 articles)

Fairfax IDBI Bank Acquisition: N.S. Kannan Proposed as Chairman

16 Oct 2026 · 11:13 AM IST

IDBI Bank Sold! Inside Fairfax’s ₹52,878Cr Mega Masterplan

16 Oct 2026 · 9:15 AM IST