Protean eGov Technologies Limited announced on December 16, 2025, the outcome of its Board of Directors meeting. 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 is expected to be completed within 60 days from the execution of the agreement. NSDL Payments Bank operates on a B2B2C model, offering digital banking solutions and financial inclusion products. In the last three fiscal years, NSDL PB reported gross incomes of ₹721.6 crore in FY2025, ₹719.7 crore in FY2024, and ₹541.2 crore in FY2023. Furthermore, the board approved the appointment of Mr. V Easwaran 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. He was previously the Chief Operations Officer at India Post Payments Bank and has held positions at Kotak Mahindra Bank, HDFC Bank, and Standard Chartered Bank. The board meeting commenced at 3:30 P.M. and concluded at 4:30 P.M. The company stated that the investment in NSDL Payments Bank reflects a long-term vision to build future-ready banking technologies at scale, complementing NSDL PB's digital-first banking platform with Protean's expertise in regulated digital systems. The transaction is on an arm's length basis, and none of the directors have an interest in it.