State Bank of India has received approval from the Reserve Bank of India (RBI) to launch its Digital Payments Intelligence Platform, marking a significant development in the bank's digital transformation strategy.

Regulatory Approval Details

The RBI's approval enables State Bank of India to implement its Digital Payments Intelligence Platform, which is expected to enhance the bank's digital payment processing capabilities. This regulatory clearance demonstrates the central bank's confidence in SBI's technological infrastructure and compliance standards.

Strategic Significance

The approval represents a crucial step in State Bank of India's efforts to strengthen its digital banking services. The Digital Payments Intelligence Platform is positioned to improve the bank's ability to process and manage digital transactions more effectively.

Digital Banking Enhancement

With this RBI approval, State Bank of India can now proceed with the implementation of its Digital Payments Intelligence Platform. This development aligns with the bank's broader digital transformation objectives and its commitment to providing enhanced digital banking services to customers.

The regulatory approval underscores State Bank of India's continued focus on leveraging technology to improve its banking operations and customer experience in the digital payments space.

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.