I4C and RBIH Sign MoU to curb Cyber Financial Frauds

ndian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, and Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating cyber-enabled financial frauds and curtailing mule accounts across the banking and digital payments ecosystem. The MoU aims to facilitate cooperation in the areas of fraud-risk intelligence sharing, analytical support, and operational coordination for strengthening proactive fraud detection and prevention mechanisms.

Union Home Minister and Minister of Cooperation, Amit Shah, posted on X, “Modi govt is tirelessly working for cyber secure Bharat. Mule accounts are big hurdles in curbing cyber crimes. Today, the I4C under MHA signed an MoU with Reserve Bank Innovation Hub (RBIH) unleashing the power of Artificial Intelligence to combat cyber fraud. The move will swiftly detect and cull hidden mule accounts by feeding the data from the I4C’s Suspect Registry to the AI-driven fraud detection system and serve the citizens as their next gen shield against cyber crime.”

The MoU was signed by Smt Roopa M, IG (Admin), I4C and Sahil Kinni, CEO, RBIH in the presence of Shri Rohit Jain, Deputy Governor, RBI; Anand Swaroop, Special Secretary (IS), MHA; Rakesh Rathi, JS (CIS), MHA; Rajesh Kumar, CEO, I4C; and other senior officers from RBI, RBIH and I4C.(updated on 12th may 2026)