New Delhi : The Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen cooperation in tackling cyber-enabled financial frauds and curbing mule accounts across the banking and digital payments ecosystem.
The agreement aims to enhance collaboration in fraud-risk intelligence sharing, analytical support and operational coordination to strengthen proactive fraud detection and prevention mechanisms.
Union Home Minister and Minister of Cooperation Shri Amit Shah, in a post on X, said the government is continuously working towards building a cyber-secure India. Referring to mule accounts as a major challenge in controlling cybercrime, he said the MoU between I4C and RBIH would leverage Artificial Intelligence to combat cyber fraud. He added that integrating data from I4C’s Suspect Registry with AI-driven fraud detection systems would help identify and eliminate hidden mule accounts and provide citizens with stronger protection against cybercrime.
The MoU was signed by IG (Admin), I4C, Smt Roopa M and CEO, RBIH, Shri Sahil Kinni in the presence of RBI Deputy Governor Shri Rohit Jain, Special Secretary (Internal Security), Ministry of Home Affairs, Shri Anand Swaroop, Joint Secretary (Cyber and Information Security), MHA, Shri Rakesh Rathi, CEO, I4C, Shri Rajesh Kumar, along with senior officials from RBI, RBIH and I4C.
Under the partnership, I4C and RBIH will collaborate on sharing intelligence related to mule accounts and suspect identifiers from I4C-MHA’s Suspect Registry to strengthen AI-based fraud detection systems such as MuleHunter.ai™, which has been implemented across banks. RBIH will use the shared datasets to train and enhance AI-driven fraud-risk assessment models, including MuleHunter.ai™.
The Indian Cyber Crime Coordination Centre has been actively working to strengthen India’s cybercrime response ecosystem through initiatives such as the National Cybercrime Reporting Portal, the Suspect Registry and other intelligence-sharing platforms.
RBIH, a wholly owned subsidiary of the Reserve Bank of India, has been promoting innovation in the financial sector through technology-driven initiatives and AI-enabled fraud detection frameworks aimed at enhancing the safety, resilience and public trust in the digital banking and payments ecosystem.