National, 10 April 2026: Mr. K. Satyanarayana Raju has joined the Indian Digital Payment Intelligence Corporation (IDPIC), Mumbai, as Managing Director & CEO, with effect from 26 February 2026.
The Indian Digital Payment Intelligence Corporation (https://idpic.in) is a Section 8 company incorporated under the Companies Act, 2013. It has been promoted by State Bank of India and Bank of Baroda, along with other banks and payment companies, and operates under the regulatory approval and oversight of the Department of Financial Services and the Reserve Bank of India.
IDPIC has been established as India’s central digital payment fraud intelligence platform, with the mandate to detect, prevent, and analyse fraud in the country’s rapidly expanding digital payments ecosystem in real time. Leveraging advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Big Data Analytics, IDPIC plays a critical role in enhancing the resilience, security, and trustworthiness of India’s digital payments infrastructure.
Mr. K. S. Raju is renowned for driving strategic vision and delivering innovative financial and technological solutions aligned with customer needs and regulatory frameworks. He has proven expertise in stakeholder management, building high-performing teams, and optimizing resources to achieve sustainable growth. He is a recognized thought leader with a strong commitment to advancing financial inclusion and supporting India’s broader economic development.
Mr. Raju previously served as the Managing Director and Chief Executive Officer of Canara Bank and brings with him over 35 years of rich and diverse experience in the banking and financial services sector. During his career, he has held several key positions, including Executive Director at Canara Bank; Director at BoB Financial Solutions; Chairman of Canara Computer Services Ltd., Canara HSBC Insurance Company Ltd., and Can Fin Homes Ltd.; and Chairman of Canara Robeco Asset Management Company.
He has also been associated with several industry bodies and committees, including the IBA Standing Committee on Payment Systems & Banking Technology; President of the General Body of the Management Development Institute Society; Member of the Managing Committee of IBA; Member of the Finance Committee and Governing Council of NIBM; Member of the Governing Council and Executive Committee of IIBF; Member of the Governing Board of IBPS; Member of the Advisory Board for the Financial Inclusion Fund of NABARD; Member of the National Committee on Banking of CII; Member of the CBDC Advisory Group of Banks of RBI; and Member of the Governing Council of the Maritime Development Fund.
In his continued commitment to strengthening India’s financial and digital ecosystem, Mr. Raju has taken charge of IDPIC with a clear vision for the company’s growth. He emphasizes building a strong platform for innovation, collaboration, and research in the digital payments space. His vision is to support the development of a safe and robust payment infrastructure, encourage technological advancement, and contribute to making India a global leader in secure and efficient digital payment systems.
