IDBI Bank was sold for ₹52,878 crore below valuation?

checkthis · automated fact-check · How we check

MisleadingTrick: Mixes up two things

Checked 15 Oct 2026 · Updated 19 Oct 2026

The Reel leaves out crucial context to make the sale look like a loss. The ₹52,878 crore deal is for a 60.72% stake, not the entire bank, which values the whole institution at roughly ₹87,000 crore. Furthermore, the agreed price of ₹81 per share is higher than the independent fair valuation of ₹75.99. The Reel also ignores that IDBI Bank required over ₹46,000 crore in bailouts from the government and LIC to survive its earlier bad loan crisis.

Main source: India Today

Real video, twisted story.

The post we checked

Sold for ₹52,878 cr? Bank that gave ₹36,000 cr profit in last 4 years now going to a Canada firm? Profit-making PSU sale — masterstroke or mistake? What do you…

The trick: Mixes up two things

It treats two very different things as the same (known as false equivalence).

"Sold for ₹52,878 cr? Bank that gave ₹36,000 cr profit in last 4 years now going to a Canada firm?"

The ₹52,878 crore deal is for a 60.72% stake rather than the entire bank, valuing the full institution at roughly ₹87,000 crore.

How this trick works and how to answer it →

What we checked

The Indian government approved the sale of IDBI Bank to Canadian company Fairfax for ₹52,878 crore.India Today

IDBI Bank made an operating profit of ₹36,000 crore in the last four years.No reliable source found for this yet.

What the Reel doesn't tell you

The agreed deal price per share exceeds the benchmark valuation determined by independent valuers.

What each side says

the Indian governmentThe government stated that the strategic restructuring of IDBI Bank is a significant decision crucial for supporting MSMEs and new industries. Times of India

How it plays you

It wants you to think: "The government is selling off a profitable national asset to a foreign firm at a loss."

Comparing short-term operating profits to the sale price of a partial stake creates a false impression of loss. The agreed price exceeds independent fair valuations, while government and LIC capital infusions into the bank totaled over ₹46,000 crore.

Insinuation by question: "Profit-making PSU sale — masterstroke or mistake?". Framing a complex financial restructuring as a simple binary choice forces the viewer to view the sale with suspicion while ignoring full valuation facts.
Selective framing: "Govt approved to sell IDBI Bank to Canada Company Fairfax for ₹ 52,878 Crore". It presents the ₹52,878 crore price tag without mentioning that it buys only a 60.72% stake, making the whole bank appear underpriced.

Short version

⚠️ MISLEADING 👉 The Reel leaves out crucial context to make the sale look like a loss. 👉 The ₹52,878 crore deal is for a 60.72% stake, not the entire bank, which values the whole institution at roughly ₹87,000 crore. 👉 Furthermore, the agreed price of ₹81 per share is higher than the independent fair valuation of ₹75.99. 👉 The Reel also ignores that IDBI Bank required over ₹46,000 crore in bailouts from the government and LIC to survive its earlier bad loan crisis. 🎭 Trick: Mixes up two things 📰 Source: India Today 🔎 Full check: send this post to @checkthis.chat

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