Increasing digital fraud and mule accounts are deceiving the public and agencies. To address this, the Reserve Bank of India (RBI), through its subsidiary Reserve Bank Innovation Hub (RBIH), has ...

The MDES outlined five groups exempt from updating their SIM registration names to match mobile banking names.

"Act 574 (Penal Code) and Act 593 (Criminal Procedure Code) have been amended to enable more effective action to be taken by enforcement agencies to curb mule account syndicates this year," he said.