Tag: ‘mule accounts’

RBI proposes credit line access on UPI for Small Finance Banks

The Reserve Bank of India (RBI) today proposed allowing small finance banks (SFBs) to offer pre-sanctioned credit lines through the

Department of Financial Services (DFS) in the Finance Ministry on Friday urged banks to effectively address the growing challenge caused

The Reserve bank of India is rolling out a AI / ML based model called MuleHunter.AI for detection of mule

Banks should step up efforts against ‘mule accounts’, which are used to launder the proceeds of fraud schemes, Reserve Bank