Protean eGov Technologies Limited announced the outcome of its Board Meeting held on December 16, 2025. The Board approved a proposal to acquire a 4.95% equity stake in NSDL Payments Bank (NSDL PB) through an equity investment of ₹30.2 crore. The acquisition, which is a cash consideration by equity subscription, is expected to be completed within 60 days from the execution of the agreement. Protean eGov Technologies will acquire 93,74,014 Equity Shares of NSDL PB. The company stated that this investment reflects a long-term vision to build future-ready banking technologies by combining NSDL Payments Bank’s digital-first banking platform with Protean's experience in building regulated digital systems. NSDL Payments Bank, a subsidiary of National Securities Depository Ltd (NSDL), commenced operations in October 2018 and focuses on financial inclusion. Its gross income for FY2025 was ₹721.6 crore, ₹719.7 crore for FY2024, and ₹541.2 crore for FY2023. Additionally, the Board approved the appointment of Mr. V Easwaran (DIN: 08055728) as an Additional Director in the category of Executive Director, effective December 17, 2025, for a period of three years, subject to member approval. Mr. Easwaran brings over 30 years of experience in the banking industry, with a focus on wholesale, retail, and treasury business, and has been involved with the start-up teams of private sector banks and a payments bank.