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NARCL recovers ₹4364 crore in FY26 as India clamps down on mule account fraud networks
Business
Published on 30 April 2026
Officials plan real time alerts to stop mule accounts fast
NARCL said it recovered ₹4,364 crore in FY26, nearing its acquisition target after a strong 2025-26 run. At the same time, officials flagged a rise in digital financial frauds and zeroed in on cyber criminals operating through mule accounts. Plans include tighter bank-agency coordination, real-time intelligence sharing, and quicker response to disrupt fraud pipelines.
- NARCL recovered ₹4,364 crore in FY26, close to its acquisition goal
- Government officials met amid a spike in digital financial fraud cases
- Mule accounts are central to the strategy to target cyber criminals
- Real-time intelligence and faster action are key to prevention
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times