The Reserve Bank of India amended its investment portfolio rules for urban co-operative banks (UCBs), allowing them to acquire equity shares in the Indian Digital Payment Intelligence Corporation (IDPIC) where necessary to obtain membership. IDPIC has been established as India’s central digital payment fraud intelligence platform. The amendments add IDPIC shares to the specified equity investments that UCBs may hold for membership purposes, alongside investments in entities such as market infrastructure companies and the UCB sector’s umbrella organization. The changes took effect upon issuance.
2026-09-02Reserve Bank of India
Reserve Bank of India allows urban co-operative banks to acquire IDPIC equity for membership
The Reserve Bank of India has allowed urban co-operative banks to acquire equity in the Indian Digital Payment Intelligence Corporation where required for membership. The amendments to UCB investment portfolio rules took effect upon issuance.