RBI directs banks to adopt DoT’s Financial Fraud Risk Indicator to curb cyber fraud

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The Department of Telecommunications (DoT) has welcomed the Reserve Bank of India’s (RBI) advisory issued on June 30, 2025, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT into their systems.

The FRI, launched in May 2025 by DoT’s Digital Intelligence Unit (DIU), is a risk-based metric that classifies a mobile number as being associated with Medium, High, or Very High risk of financial fraud. The classification is based on…



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RBI directs banks to adopt DoT’s Financial Fraud Risk Indicator to curb cyber fraud


The Department of Telecommunications (DoT) has welcomed the Reserve Bank of India’s (RBI) advisory issued on June 30, 2025, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT into their systems.

The FRI, launched in May 2025 by DoT’s Digital Intelligence Unit (DIU), is a risk-based metric that classifies a mobile number as being associated with Medium, High, or Very High risk of financial fraud. The classification is based on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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