News Arena

Home

Nation

States

International

Politics

Opinion

Economy

Sports

Entertainment

Trending:

Home
/

rbi-s-digital-platform-to-fight-bank-fraud

Economy

RBI’s digital platform to fight bank fraud

Major public and private sector banks will assist the central bank in tightening the noose on rising digital payment frauds in the country via DPIP

News Arena Network - New Delhi - UPDATED: June 22, 2025, 04:43 PM - 2 min read

Representative Image


A significant surge in bank frauds has led the Reserve Bank of India (RBI) to develop a digital platform that will help prevent scams by enabling real-time data sharing.


Major public and private sector banks have been roped in to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI) under the supervision and guidance of the RBI.


A high-level meeting comprising RBI officials, senior bank officials and other stakeholders was held earlier this month to finalise the structure of the platform that seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering.

 

ALSO READ: https://newsarenaindia.com/economy/dredging-scam-probe-cbi-books-ex-officials-of-tce-jnpt/48092


The Reserve Bank Innovation Hub (RBIH) has been assigned the task of building a prototype of DPIP in consultation with almost 5-10 banks. Sources say the hub will leverage advanced technologies to curb payment-related frauds.


Since the issue of rising fraud cases has been dogging both the government and the RBI, the platform should become operational in the next few months.


In June last year, the RBI had formed a committee that was chaired by A P Hota, former MD and CEO of NPCI, to examine the various aspects of establishing this digital public infrastructure.


The latest annual report of the RBI states that there has been a significant increase in bank frauds, with the amount involved rising nearly three times to ₹36,014 crore in FY25, compared to ₹12,230 crore in the previous year.


Of this, as much as ₹25,667 crore worth of frauds were reported by public sector banks as against ₹9,254 crore a year ago.


Frauds have occurred predominantly in the category of digital payments (card/internet) in terms of the number and primarily in the loan portfolio (advances) in terms of value, it said.


While card/internet frauds contributed maximum to the number of frauds reported by private sector banks, frauds in public sector banks were mainly in advances, it said.

TOP CATEGORIES

  • Nation

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2025 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory