Awards AppointmentsSaturday, 11 April 2026·https://testbook.com/current-affairs/11-april-2026-daily-current-affairs
IDPIC names K. Satyanarayana Raju as MD & CEO to fight digital payment fraud
IDPIC appointed K. Satyanarayana Raju as MD & CEO on 10 April 2026.
Key highlights
Direct fact
On 10 April 2026, the Indian Digital Payment Intelligence Corporation (IDPIC) appointed K. Satyanarayana Raju as its Managing Director and Chief Executive Officer, with the entity described as India’s central AI-driven platform for real-time detection and prevention of digital payment fraud.
Key specifics
- IDPIC was incorporated in October 2025 as a Section 8 not-for-profit company under the Companies Act, 2013.
- The company was promoted by SBI and Bank of Baroda, with SBI holding a 50% stake through an investment of ₹100 crore.
- IDPIC was established with official approval from the Reserve Bank of India (RBI).
- K. Satyanarayana Raju was the former MD & CEO of Canara Bank and a Director at BoB Financial Solutions.
- He also served on the governing councils of IBA, NABARD, IIBF and IBPS.
Exam lens
Appointments and banking MCQ focus: IDPIC, Section 8 company, SBI’s 50% stake, RBI approval, and K. Satyanarayana Raju’s previous roles. TNPSC may ask which institution was created to detect digital payment fraud in real time.