IDBI Bank Ltd. has announced that ICRA has placed several of its instruments on Rating Watch with Developing Implications, reflecting the proposed acquisition by Fairfax Financial Holdings Ltd. for Rs. 52,878 crore, which includes a 60.72% stake (30.48% from GoI and 30.24% from LIC); these instruments include Infrastructure bonds totaling 10,000.00, SEBI Senior bonds amounting to 3.00, SEBI Basel III Tier II bonds of 3,100.00, a SEBI Fixed deposits programme, and a Certificates of deposit programme of 35,000.00 and 3,500.00 respectively, alongside other instruments such as Basel III Tier II bonds, Senior bonds, and Fixed deposits programme, all rated [ICRA]AA, [ICRA]AA (Stable), [ICRA]AA-, (Stable), and [ICRA]A1+; the rating agency also noted that the ratings consider standalone financials and factors in support to subsidiaries, while the Certificates of deposit programme remains unchanged at [ICRA]A1+, and the Long-term rating is also under the watch, monitoring transaction progress, Fairfax's plans, and implications for the bank’s financial profile.