ForumIAS LATEST
- SFG FRC 2027 | Program starts from 18th Dec. 2026 | Admissions open for Entrance Test Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
- The Reserve Bank of India has announced the creation of a central payments fraud information registry.The registry would ensure a quick and systemic response in cases of financial frauds.
- At present,there is a mechanism in place for banks to report all banking frauds to the Central Fraud Monitoring Cell of the Reserve Bank.
- RBI has said that payment system participants will be provided access to this registry for near-real-time fraud monitoring.Further,the aggregated fraud data will also be published to educate customers on emerging risks.
- This fraud registry was established as RBI in its Vision document 2021 has said that it expects the number of digital transactions to increase more than four times till December 2021.
