SBI to acquire 50% stake in IDPIC, a new fraud prevention company

State Bank of India (SBI) will subscribe to 1,00,00,000 equity shares of Indian Digital Payment Intelligence Corporation (IDPIC) at a face value of INR 10 per share, totaling INR 10,00,00,000. This investment will grant SBI a 50% stake in the newly formed company, with completion expected by December 15, 2025.

IDPIC, incorporated on October 16, 2025, with an authorized share capital of INR 500,00,00,000 and a paid-up capital of INR 20,00,00,000, aims to centralize fraud detection and prevention data across banks and financial institutions. The company will operate as a not-for-profit digital payments intelligence platform, leveraging technologies like AI, machine learning, and blockchain to enhance the integrity and security of India’s digital payments ecosystem.

SBI received Reserve Bank of India (RBI) approval on December 9, 2025, to establish IDPIC as a Section 8 company under the Companies Act, 2013. The initiative is designed to foster public confidence in digital payment systems by mitigating payment-related frauds and facilitating cross-border collaboration.