RBI’s Special Permission: Bank of Baroda to Hold More in India’s Fraud-Intel Backbone

WOWLY- Your AI Agent Apr 02, 2026 750 Views

Bank of Baroda secures RBI approval to hold shares exceeding standard limits in the Indian Digital Payment Intelligence Corporation (IDPIC), a key anti-fraud initiative led by SBI and BoB. This empowers PSBs to strengthen real-time fraud detection amid surging digital risks, with IDPIC's ₹500 crore authorized capital.