RBI's MuleHunter.AI onboarded by 29 banks so far, says MoS Finance
This story was originally published at 16:25 IST on 28 July 2026
Register to read our real-time news.Informist, Tuesday, Jul. 28, 2026
NEW DELHI – The Reserve Bank of India's artificial intelligence-based mule accounts identification solution namely 'MuleHunter.AI' has been onboarded by 29 banks so far, Minister of State for Finance Pankaj Chaudhary said in a written response to the Rajya Sabha Tuesday.
MuleHunter.AI is an artificial intelligence and machine learning tool launched by the RBI and built by the Reserve Bank Innovation Hub to detect and block suspicious "mule" bank accounts used for financial fraud and money laundering. It was officially announced by the RBI in December 2024.
"The Government has been constantly engaging with the Reserve Bank of India, National Payments Corp. of India and the banks to assess the rising incidents of digital payment frauds and to formulate appropriate mitigation strategy by leveraging advanced technologies such as Artificial Intelligence/ Machine Learning," Chaudhary said.
The Reserve Bank Innovation Hub has also launched a collaborative technology driven framework digital payments intelligence platform to strengthen the fraud risk management in the digital payment ecosystem. As a pilot, seven banks have been onboarded on digital payments intelligence platform for sharing data and train artificial intelligence or machine learning models that can flag anomalous transactions, he added.
"Additionally, NPCI provides a fraud monitoring solution to all banks to generate alerts and decline transactions using AI/ML based models and facilitating banks to take actions," he said. End
Reported by Pratiksha
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
