MUMBAI, India, April 10, 2026 /PRNewswire/ — The Indian Digital Payment Intelligence Corporation (IDPIC) has appointed Mr. K. Satyanarayana Raju as Managing Director and Chief Executive Officer. IDPIC is India’s central AI-driven platform for detecting and preventing real-time digital payment fraud. It was incorporated in October 2025 as a Section 8, non-profit entity with the approval of the Reserve Bank of India. IDPIC was promoted by State Bank of India and Bank of Baroda, with SBI holding a 50% stake through an investment of ₹100 crore.
Mr. Raju joins IDPIC with over 35 years of distinguished leadership experience in the banking and financial services industry, including his previous role as Managing Director & CEO of Canara Bank. His appointment comes at a crucial time as IDPIC strengthens its capabilities to combat rising digital payment fraud through advanced intelligence and real-time threat monitoring.
Commenting on his appointment, Mr. KS Raju said: “As digital transactions in India continue to grow rapidly, strengthening fraud intelligence and payment security is critical to maintaining trust in the financial ecosystem. IDPIC is focused on building a robust, innovative and future-proof fraud intelligence platform that increases the resilience of India’s digital payments infrastructure and supports the country’s vision of Viksit Bharat and its emergence as a global leader in secure digital payments.”
Prior to joining IDPIC, Mr. Raju held several senior leadership positions in the banking and financial services industry, including as MD and CEO of Canara Bank, Director at BoB Financial Solutions and Chairman of multiple financial services and technology entities. He has also served on key industry and policy bodies including committees and boards related to the Indian Banks’ Association, RBI-led banking groups, NABARD, NIBM, IIBF and IBPS.
Mr. Raju’s appointment, effective February 2026, strengthens IDPIC’s mandate to drive greater trust, resilience and coordination in India’s digital payments ecosystem. Under his leadership, IDPIC aims to further strengthen India’s payments infrastructure while supporting the country’s ambition to become a global benchmark in secure digital financial systems.
About The Indian Digital Payment Intelligence Corporation (IDPIC)
The Indian Digital Payment Intelligence Corporation (IDPIC) is India’s central digital payment fraud intelligence platform, created to detect, prevent and analyze fraud in real-time across the country’s fast-growing digital payments ecosystem. Recorded as a Section 8 company under the Companies Act, 2013IDPIC uses advanced technologies including Artificial intelligence (AI), machine learning (ML) and big data analytics to strengthen the resilience, security and reliability of India’s digital payments infrastructure.
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