New Delhi, Oct. 15 -- The proposed sale of a majority stake in IDBI Bank to a Canadian buyer marks a significant change in the bank's ownership. The deal has raised questions about what the transition could mean for existing customers and fixed deposit (FD) holders.

The Cabinet Committee on Economic Affairs (CCEA) approved the strategic disinvestment of IDBI Bank, paving the way for the sale of a combined 60.72% stake held by the Government of India (GoI) and Life Insurance Corporation of India (LIC).

M/s 10955230 Canada Inc., whose parent entity is Fairfax Financial Holdings Ltd., has been approved as the strategic buyer.

According to IDBI Bank's Q1 FY27 presentation for the quarter ended June 2026, total deposits stood at Rs.3,25,757...