Skip to content

RBI MuleHunter: AI Tool to Catch Mule Accounts in Banks

2 August 20251 min read
BANKING & FINANCERBI MuleHunter: AITool to Catch MuleAccounts in Banks2 August 2025safalsetu.com

Why in the news

RBI was widening the rollout of its AI fraud-detection platform in August 2025.

Key facts

  • MuleHunter targets mule accounts used for scams or laundering; built by the RBI Innovation Hub, free for banks.
  • Current users: Canara Bank, PNB, BoI, BoB, AU Small Finance Bank; Federal Bank to follow.
  • Reportedly about 90% true positives, against around 80% false positives in older systems.
  • Covers savings and current accounts; banks need infrastructure and data-science teams.
  • RBI also awaited an AI Committee report and was studying quantum computing risks.

Exam angle

  • Developer: RBI Innovation Hub.
  • Aim: real-time fraud prevention and inter-bank intelligence sharing.

Test yourself

1. MuleHunter, the AI platform used by banks to detect mule accounts, was developed by which body?

The notes say it came from the RBI Innovation Hub.

2. Which bank was named as the next to adopt RBI's MuleHunter after five banks already used it?

Federal Bank was to adopt it shortly.

3. How many fraud patterns did RBI's MuleHunter identify?

The platform identified 90 fraud patterns.