RBI clears SBI plan to set up Digital Payments Intelligence Platform
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SBI has received RBI approval to set up a Section 8 not-for-profit company called Indian Digital Payment Intelligence Corporation to build a Digital Payments Intelligence Platform. The RBI exempted SBI from the 30 percent shareholding cap under the Banking Regulation Act, allowing it to hold a higher stake in this entity till October 16, 2026.
Strategic push into digital payments infrastructure; supports SBI fintech ambitions with no immediate effect on earnings or shareholder value.