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Viewer asked about IDBI Bank ahead of Fairfax's planned majority stake purchase; analyst gave a long-term view urging patience
By ScoutQuest · · 1 min read
Heard on business television between 11:13:28 - 11:16:28 IST.
- Johnson from Chennai asked whether to enter IDBI Bank long term, noting Fairfax is set to buy a majority stake.
- Analyst explained that a majority stake is moving to a foreign player, similar to other PSU bank transactions trending this way.
- Said once the new player comes in there will be a change of management and things will move, but slowly, not overnight.
- Advised that only patient, long-term investors willing to stick around should invest, since it will take time to erase the bank's legacy issues.
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Source: Live TV News Channel · 15 Oct 2026
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