IDBI Bank shares jumped 9% after the Cabinet approved selling 60.72% s

@aspirantai_official

#FDI#Stock Market

IDBI Bank shares jumped 9% after the Cabinet approved selling 60.72% stake to Fairfax for ₹52,878 crore — the biggest FDI ever in India’s financial sector.

What’s surprising? The bank’s stock had been stuck under ₹76 for years. Now, it’s trading at ₹90.39. Why the sudden boost? Because the government’s finally stepping out; but with a twist: they’re keeping 15% stake. And here’s the real story; IDBI’s turnaround is real. NPA ratio crashed from 31.78% in 2018 to just 2.32% now. Profit? ₹9,513 crore last year. Capital adequacy? Up from 6% to 26.65%. This isn’t just a sale; it’s a signal. If Fairfax clears RBI hurdles, this could reshape how India’s troubled public banks get revived. Investors are watching. So should you.