India's Cyber Crime Coordination Centre and the Reserve Bank Innovation Hub signed a Memorandum of Understanding on May 12, 2026 to strengthen AI-driven detection of mule accounts across the banking system. MuleHunter.AI, developed by RBIH, is an AI and machine learning platform already operational at more than 26 banks. Under the agreement, I4C will share suspect identifiers from its national Suspect Registry and the National Cybercrime Reporting Portal with the platform.
Digital payment fraud in India reached 28 lakh reported cases involving INR 22,931 crore in 2025, according to the RBI's discussion paper on digital payment safeguards published in April 2026. Mule accounts serve as the primary conduit for moving stolen funds through instant payment networks.
I4C will feed suspect identifiers from the national cybercrime reporting infrastructure into MuleHunter.AI for behavioral detection of high-risk accounts. UPI processed 22.35 billion transactions worth INR 29.03 lakh crore in April 2026.