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Digital Payments Fraud Detection Platform
December 15 , 2025
41 days
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- The Reserve Bank of India (RBI) approved the State Bank of India (SBI) and Bank of Baroda (BoB) to set up a digital payment fraud detection platform.
- The platform will be established through a new entity named Indian Digital Payment Intelligence Corporation (IDPIC).
- IDPIC will be registered as a Section 8 company under the Companies Act, 2013.
- The platform aims to monitor and detect fraud in digital payment transactions across public sector banks.
- The Department of Financial Services (DFS) granted SBI and BoB an exemption from shareholding limits until October 16, 2026.
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