Bank of Baroda to acquire 50% stake in IDPIC for ₹10 Crore
Bank of Baroda will acquire a 50% stake in the newly formed Indian Digital Payment Intelligence Corporation (IDPIC) for ₹10 Crore. The acquisition, approved by RBI on December 9, 2025, is set to be completed by December 15, 2025. IDPIC aims to combat payment fraud using advanced technologies.
The investment amount is significant but represents a minority stake in a new venture. Its impact will depend on the success of IDPIC in its stated objectives.
The acquisition of a stake in a new entity focused on combating payment fraud is a positive development for the bank's involvement in enhancing digital payment security.
Bank of Baroda has announced its decision to subscribe to 1,00,00,000 (One Crore) equity shares of Indian Digital Payment Intelligence Corporation (IDPIC) as an initial promoter. The bank will acquire a 50% stake in IDPIC at a face value of ₹10 per share, amounting to a total consideration of ₹10,00,00,000 (Ten Crore).
IDPIC is a newly incorporated Section 8 Company, established on October 16, 2025, with an authorized share capital of ₹500 Crore and a paid-up share capital of ₹20 Crore. The company's objective is to function as a Digital Payments Intelligence Platform, combating payment fraud through advanced technologies and real-time data sharing across the payment ecosystem. This initiative aims to bolster public confidence in digital payment systems.
The acquisition has received approval from the Reserve Bank of India (RBI) on December 9, 2025. The indicative time period for the completion of this acquisition is December 15, 2025. IDPIC will provide access to anonymized data-driven insights, beneficiary risk scores, and threat intelligence to banks, financial institutions, payment aggregators, and other regulated entities. The company is yet to commence business, and thus, historical financial information is not applicable.
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Bank of Baroda filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Baroda. Read the original for the full detail.