RBI Advises Banks to Integrate DoT’s Financial Fraud Risk Indicator

The Reserve Bank of India has directed all banks to integrate the Financial Fraud Risk Indicator (FRI) developed by the Department of Telecommunications (DoT) to combat cyber-enabled financial fraud. The FRI classifies mobile numbers based on their risk of financial fraud, allowing banks to take preventive measures in real-time. This initiative marks a significant step in enhancing digital security and trust in India's financial ecosystem, aligning with the government's Digital India vision.

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