Current Affairs - Banking - Discussion

SBI has taken a strategic step to strengthen India’s digital payment ecosystem by acquiring a 50% stake in the Indian Digital Payment Intelligence Corporation (IDPIC). The bank invested ₹10 crore to acquire 1 crore shares in this not-for-profit entity, which has an authorised capital of ₹500 crore. IDPIC is designed to function as a unified fraud-detection platform that enables real-time data sharing and collective intelligence among stakeholders. This initiative aims to prevent digital payment frauds, enhance customer protection, and build greater trust in digital transactions across the country.