RBI Advises Banks to Integrate DoT’s Financial Fraud Risk Indicator System
In a move to curb cyber-enabled financial 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) into their systems. Developed by DoT's Digital Intelligence Unit (DIU), the FRI is a risk assessment tool designed to enhance real-time fraud... Read More