New Delhi, July 4 -- The Reserve Bank of India has issued a directive requiring all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) into their operational systems.

This mandate represents a coordinated response to the escalating threat of cyber fraud in India's digital financial ecosystem.

The FRI system, developed by the Department of Telecommunications' Digital Intelligence Unit and launched in May 2025, assigns risk classifications of Medium, High, or Very High to mobile numbers based on their association with financial fraud activities.

The risk assessment incorporates data from multiple sources, including complaints filed through the Nati...