State Bank of India has made a significant investment of ₹100 crores in the Indian Digital Payment Intelligence Corporation (IDPIC), acquiring a 50% stake as the initial promoter. This development follows the recent RBI approval for establishing IDPIC as a Section 8 company under the Companies Act, 2013, marking a major milestone in India's digital payments infrastructure.

Investment Structure and Details

State Bank of India has subscribed to 1 crore equity shares of IDPIC at face value of ₹10.00 per share, securing a 50% shareholding in the company. The transaction represents SBI's strategic entry into the digital payments intelligence sector as the founding promoter.

IDPIC Corporate Structure

IDPIC was incorporated on October 16, 2025, as a Section 8 company with substantial authorized capital to support its digital payments intelligence operations. The company is designed to operate as a collaborative platform serving the broader financial ecosystem.

Platform Objectives and Technology Focus

IDPIC aims to establish a comprehensive digital payments intelligence platform that combats payment fraud through advanced technologies. The platform will serve as a centralized hub for fraud detection and prevention data across banks and financial institutions, leveraging cutting-edge technologies including artificial intelligence, machine learning, and blockchain.

The platform will provide anonymized data-driven insights, beneficiary risk scores, and threat intelligence through secure, self-learning mechanisms. These capabilities will enable real-time fraud risk assessment and intelligence sharing across the financial ecosystem, supporting both domestic payments and cross-border collaboration.

Regulatory Framework and Timeline

State Bank of India received RBI approval on December 9, 2025, to establish IDPIC as a Section 8 company. The bank has indicated an expected completion timeline of December 15, 2025, for the acquisition process. This regulatory clearance provides the necessary framework for implementing the Digital Payments Intelligence Platform through the dedicated corporate entity.

Strategic Impact on Digital Payments Ecosystem

The establishment of IDPIC represents a significant advancement in India's digital payments infrastructure, designed to maintain public confidence in digital payment systems. The platform will serve banks, financial institutions, payment aggregators, payment system operators, and other regulated entities within the domestic payments ecosystem while facilitating international collaboration in fraud prevention and detection.

SBI Announces Key Leadership Change

State Bank of India (SBI), India's largest public sector bank, has announced a significant appointment to its top leadership. Anindya Sunder Paul has been named as the new Deputy Managing Director (Finance) of the bank.

Details of the Appointment

• Position: Deputy Managing Director (Finance)
• Appointee: Anindya Sunder Paul
• Effective Date: April 1, 2024
• Tenure: 3 years

About Anindya Sunder Paul

Anindya Sunder Paul brings a wealth of experience to his new role at SBI. Prior to this appointment, he held the position of Chief General Manager at the bank, demonstrating his deep understanding of the institution's operations and financial landscape.

Significance of the Appointment

This appointment is crucial for SBI as the Deputy Managing Director (Finance) plays a pivotal role in:

1. Overseeing the bank's financial strategies
2. Managing financial risks
3. Ensuring compliance with regulatory requirements
4. Driving financial innovation and efficiency

Market Impact

While it's too early to predict the direct market impact of this appointment, leadership changes at this level in a major financial institution like SBI are often closely watched by investors and market analysts. The appointment may influence market perception of SBI's future financial direction and strategies.

Conclusion

The appointment of Anindya Sunder Paul as Deputy Managing Director (Finance) at State Bank of India marks a significant development in the bank's top management. As SBI continues to play a crucial role in India's banking sector, this leadership change will be an important factor to watch in the coming years.