SBI to buy 50% stake in new fraud-fighting digital payments company IDPIC

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State Bank of India (SBI) will take a 50 percent stake in a new company set up to fight digital payment frauds, after getting approval from the Reserve Bank of India (RBI).

The company, called Indian Digital Payment Intelligence Corporation (IDPIC), is registered as a Section 8 (not-for-profit) company under the Companies Act, 2013. It was incorporated on October 16, 2025. SBI is the initial subscriber and promoter.

According to SBI’s stock exchange filing, the bank will buy 1,00,00,000 (one crore) equity shares of IDPIC at a face value of Rs 10 per share, investing Rs 10 crore in cash. This will give SBI 50 percent of the paid-up share capital of the company.

IDPIC has an authorised share capital of Rs 500 crore and an initial paid-up capital of Rs 20 crore.

The acquisition of SBI’s stake is expected to be completed by December 15, 2025.

IDPIC will act as a digital payments intelligence platform. It will use advanced technology and real-time data sharing to detect and prevent payment frauds.

The company’s goal is to centralise fraud-related data for banks and financial institutions so that scams and suspicious transactions can be spotted faster, helping protect customers and maintain trust in digital payments.