Daily Market Updates: IDBI Bank shares delivered almost no returns in 20 years. Can Fairfax deal finally turn stock around? Experts weigh in

Global Markets

Home›Global Markets›North America›IDBI Bank shares delivered almost no returns in 20 yea…

IDBI Bank shares delivered almost no returns in 20 years. Can Fairfax deal finally turn stock around? Experts weigh in

Reported · Written up by our desk · North America

IDBI Bank remain near their 2006 level despite a privatisation-driven rally. Fairfax Financial has agreed to buy a 60.72% stake for about ₹53,000 cr, subject to regulatory approval. Analysts cite potential long-term benefits but warn of volatility, valuation risks and need for stronger earnings.

← Newer storyBuilder inventory-to-backlog ratios flag spec risk pre-Q3 earnings Older story →Zcash Developer Zakura Proposes Fix to Stop Quantum Computers Linking…

More like this

Global MarketsTSX pulls back from three-week high as financials, metal miners fall

Global MarketsUS arrests over 2 dozen in California sweep targeting alleged non-citizen voters

Global MarketsChina’s flag carrier scrambles to fly stranded passengers out of fuel-starved Cuba

Global MarketsIndonesia Was Finding Its Feet. Then Came MSCI

Global MarketsSaudi Arabia executes 2 Bangladeshis over ‘indecent acts’ in holy city of Mecca

Sources

LiveMint MarketsIDBI Bank shares delivered almost no returns in 20 years. Can Fairfax deal finally turn stock around? Experts weigh in

Global Markets

IDBI Bank shares delivered almost no returns in 20 years. Can Fairfax deal finally turn stock around? Experts weigh in

More like this

Sources

Get the close, explained.