New Delhi, Oct. 15 -- Canada's Fairfax Financial Holdings plans to bring its stakes in Go Digit's insurance businesses and IIFL Capital under IDBI Bank following its acquisition of the lender, a move that could expand the bank's presence beyond traditional banking, according to Fairfax's announcement highlighted in a Jefferies equity research report released on Thursday.

The proposed consolidation of Fairfax's financial services businesses is part of its broader plans for IDBI Bank, following the Union Cabinet's approval on Wednesday for its acquisition of a 60.72 per cent stake in the lender for Rs 52,878 crore.

Highlighting Fairfax's plans following the acquisition, the report stated, "Fairfax proposes to contribute all of FFHL's inte...