DPIP will be developed as a Digital Public Infrastructure (DPI) under the supervision and guidance of the RBI.

•  DPI refers to foundational digital systems that are accessible, secure, and interoperable, supporting essential public services e.g., Aadhaar, Unified Payment Interface (UPI) etc.

About DPIP

• It seeks to bolster fraud risk management by facilitating real intelligence sharing and gathering by harnessing advanced technologies. 
• It will also strengthen existing fraud detection systems by enabling coordination among banks.
• A committee under Chairman Shri A.P. Hota constituted to examine various aspects of setting up of DPIP.
• The Reserve Bank Innovation Hub (RBIH) has been assigned to build a prototype of DPIP in consultation with 5-10 banks.
  • Both Private and Public banks will be consulted.
• Need of DPIP
  • As per RBI’s annual report, fraud cases in the banking sector saw a significant increase. 
  • The total value of frauds jumped to ₹36,014 crore in FY25, compared to ₹12,230 crore in FY24.