RBI Advises Banks to Integrate DoT’s Financial Fraud Risk Indicator
Delhi, 2 July (H.S.): The Department of Telecommunications (DoT) has endorsed the Reserve Bank of India’s (RBI) advisory from June 30, 2025, mandating all commercial banks to integrate the Financial Fraud Risk Indicator (FRI) into their systems. This initiative marks a significant step in combating cyber-enabled financial fraud, emphasizing the importance of collaboration among various…