RBI to Set Up a Digital Fraud Registry


The Reserve Bank of India (RBI) is considering setting up a fraud registry with a database of fraudulent websites, phones and various modus operandi for digital fraud.

In this regard, RBI’s executive director Anil Kumar Sharma said, in many cases, users open accounts in another bank after committing fraud in one bank. We are talking to different stakeholders including different departments like payments and settlement and supervision of RBI, adding that such a database will help these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted

However, there is no definite timeline for setting up of the fraud registry, payment system participants will also be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks.

The mechanism is aimed at preventing fraudsters from using banking infrastructure.
The RBI is talking to different stakeholders and enforcement agencies to implement it.


Knowledge Source :

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