How much suspected cyber fraud had been prevented through the FRI up to August 2026?
- A.Rs 660 crore
- B.Rs 2,043.73 crore
- C.Rs 5,043.73 crore
- D.Rs 9,043.73 crore
Correct answer
Explanation
The correct answer is Rs 5,043.73 crore. That is the cumulative amount of suspected fraud stopped through the indicator up to August 2026, which is why the announcement speaks of more than five thousand crore rupees saved in fifteen months. Option A is the figure for the first six months of working, and the growth from that level to the present one is described as a nearly eight-fold rise, so it is a real number in the story but answers a different question. Option B and option D are built by changing the leading digit of the correct figure and do not appear in the announcement at all. A related figure worth holding is the starting point of the climb: the cumulative saving stood at a little over one hundred and thirty nine crore rupees in August 2025, so the whole scale-up happened within a single year as banks and payment platforms adopted the tool.
Read the full article: FRI Blocks Cyber Fraud Worth Over Rs 5,000 Crore
Practice Questions
The Financial Fraud Risk Indicator (FRI) has been developed by which department?
- A.Department of Financial Services
- B.Department of Telecommunications
- C.Department of Revenue
- D.Department of Consumer Affairs
Show answer
The FRI is a telecom intelligence framework built by that department and offered to financial institutions through its Digital Intelligence Platform, and on 8 September 2026 it was reported to have prevented suspected cyber fraud of more than five thousand crore rupees since its launch on 22 May 2025.
Read the full explanation →Under which platform of the Department of Telecommunications does the Financial Fraud Risk Indicator work?
- A.Sanchar Saathi
- B.Digital Intelligence Platform
- C.National Cybercrime Reporting Portal
- D.Unified Payments Interface
Show answer
The FRI is developed under this platform, which classifies mobile numbers as medium, high or very high risk and securely shares the result with banks, payment service providers, insurers, securities intermediaries and pension entities.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.
Read the full explanation →Which regulator approved the acquisition of a part of Deutsche Bank India business by Kotak Mahindra Bank?
- A.Securities and Exchange Board of India
- B.Reserve Bank of India
- C.Competition Commission of India
- D.Insurance Regulatory and Development Authority of India
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The competition regulator cleared the proposed combination, which covers both the purchase of the target business and the related referral arrangements between affiliates of the two sides.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
Show answer
The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.
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