Hyderabad City, Telangana: On 23 April 2026, the Hyderabad City Police conducted a high-level Bankers’ Coordination Meeting under the leadership of Commissioner of Police V. C. Sajjanar, IPS, to strengthen cyber fraud prevention and address misuse of bank accounts. The meeting witnessed participation from senior officials, including representatives from the Reserve Bank of India, along with delegates from 45 banks.
The initiative followed “Operation Octopus,” aimed at dismantling organised cyber fraud networks and curbing mule account activities. The Commissioner emphasized prioritizing citizen safety and institutional integrity over routine banking targets.
A key framework introduced focused on ensuring “Safe Customers” and achieving “Zero Mule Accounts,” encouraging banks to adopt these as performance benchmarks. Strict adherence to KYC norms, accountability of staff, and use of advanced fraud detection systems were strongly stressed.
Banks were also advised to enhance monitoring of high-risk accounts, ensure real-time coordination with police, and strengthen customer awareness through alerts and campaigns on emerging cyber threats.
The meeting concluded with a unified commitment from law enforcement and banking institutions to proactively combat cybercrime and safeguard the public through coordinated efforts.
Our Citizen Reporter – Telangana
R. Arunachala Bharath
