SBI to buy 50% stake in new fraud‑fighting digital payments company IDPIC
India’s largest lender, the State Bank of India (SBI), is set to acquire a 50% stake in a newly formed digital payments intelligence company—Indian Digital Payment Intelligence Corporation (IDPIC)—a not‑for‑profit entity created to combat the rising wave of digital payment frauds across the country. The move follows formal approval from the Reserve Bank of India…