Question
I4C and RBIH signed an MoU to strengthen AI-based
detection of mule accounts and cyber financial frauds. What does I4C stand for?Solution
The Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs, and the Reserve Bank Innovation Hub (RBIH), a subsidiary of RBI, signed an MoU to strengthen AI-based detection of mule accounts and cyber financial frauds in India. They will share mule account intelligence to improve AI models like MuleHunter.ai.
Consider the following statements with respect to the information provided on the banks write off and NPA recovery by the Finance Ministry-
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