Digital Fraud Incidents Rising Since July: RBI Deputy Governor Highlights Banking Sector Challenges

Nov 07, 2025 10:11 pm CST

RBI Deputy Governor T Rabi Sankar reports an uptick in digital fraud incidents since July after a period of decline, urging banks to modernize core infrastructure to compete with fintechs. The report details shifting fraud patterns, banking vulnerabilities, and the potential impact of digital currencies on traditional banking models.