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Canada's Warren Buffett bets his billions on India. What does he see?

Prem Watsas Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking Indias largest cross-border banking deal. The Canadian investor plans to build a financial services powerhouse by combining banking with insurance, wealth management and capital markets. But regulatory approvals, overlapping ownership with CSB Bank and execution risks could test his biggest India bet.

15 Oct 2026 2:04 pm