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September 2026
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FEMA & RBIUrban Co-operative Banks can now hold equity shares of Indian Digital Payment Intelligence Corporation (IDPIC) to become members: RBI amends investment Directions
UCBs may hold IDPIC sharesRule changeRBI has amended its investment portfolio Directions for Urban Co-operative Banks so that they can acquire membership of the Indian Digital Payment Intelligence Corporation (IDPIC), described as the nation’s central digital payment fraud intelligence platform. Paragraphs 101(5) and 107(1) of the 2025 Directions now mention equity shares of IDPIC. The change took effect on 2 September 2026.
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