RBI governor Das urges bankers to step up efforts against mule accounts

On Wednesday, RBI Governor Shaktikanta Das urged select public and private sector banks to strengthen efforts against mule accounts and digital frauds. In a meeting with bank chiefs and RBI deputy governors, he emphasized enhancing cybersecurity, risk management, and compliance. Discussions also covered credit-deposit growth, unsecured retail lending trends, liquidity risk, and cross-border use of the Indian Rupee.