India, Sept. 14 -- The Reserve Bank of India (RBI) has proposed a new framework to establish uniform standard operating procedures (SOPs) for banks dealing with accounts and transactions suspected of being linked to cyber frauds.

Called the Reserve Bank of India (Know Your Customer) Amendment Directions, 2026, the draft norms come barely a month after the Supreme Court (SC) directed the central bank to build a uniform, time-bound protocol for dealing with accounts implicated in cyber frauds.

The RBI has invited public comments on the proposed rules till October 2. The draft norms are scheduled to take effect from April 1, 2027, although banks can choose to implement them earlier as well.

Under the draft framework, automated transaction...