Bank of Baroda will subscribe to 1,00,00,000 equity shares of Indian Digital Payment Intelligence Corporation (IDPIC) as an initial promoter, acquiring a 50% stake. The shares are priced at a face value of ₹10 each. IDPIC aims to combat payment fraud by leveraging advanced technologies and enabling real-time data sharing within the payment ecosystem.
Strategic Investment in IDPIC
Bank of Baroda is investing in the Indian Digital Payment Intelligence Corporation (IDPIC) to enhance digital payment security. This investment aligns with the bank’s strategy to leverage technology for fraud prevention and improved customer confidence. The investment was approved on December 9, 2025.
Investment Details
Bank of Baroda will subscribe to 1,00,00,000 equity shares in IDPIC, representing a 50% stake in the company. Each share has a face value of ₹10, bringing the total investment to ₹10,00,00,000. The company’s authorized share capital is ₹500,00,00,000, and the paid-up share capital is ₹20,00,00,000. The acquisition is expected to be completed by December 15, 2025.
IDPIC’s Objectives
IDPIC will operate as a non-profit platform focused on improving the security and resilience of India’s digital payments ecosystem. Its objectives include creating a digital public infrastructure utilizing AI, machine learning, and blockchain. IDPIC aims to provide data-driven insights and threat intelligence to banks, financial institutions, and payment operators to minimize fraud risks. The date of Incorporation is October 16, 2025.
Source: BSE
