News Item Clarification
The Bank was required to clarify a news item appearing on www.economictimes.com on September 8, 2026, captioned "Fairfax plans IIFL Finance exit to fund IDBI Bank bid."
Bank's Response to Specific Queries
a) Whether negotiations/events were taking place and sequence of events:
The Bank categorically states that it has no information regarding any negotiations, discussions, or events referred to in the news item. The Bank is not aware of the background or factual correctness of the news contents. Consequently, no sequence of events can be provided.
b) Awareness of undisclosed information and reasons for non-disclosure:
The Bank explicitly responds "No" to whether it is aware of any information not announced to exchanges that could explain trading movements. No additional reasons for non-disclosure are provided beyond the denial of any relevant information.
c) Regulatory/legal proceedings:
The Bank confirms it is not aware of any regulatory or legal proceedings related to the matter.
Compliance Assurance
The Bank assures that it will continue to promptly notify exchanges of all events and information requiring disclosure under the Listing Regulations.
Financial Impact
No financial impact is mentioned or quantified in the disclosure. The document represents a categorical denial of any transactional activity or negotiations.