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    Reserve Bank Innovation Hub

    Reserve Bank Innovation Hub: promotes innovation in financial services, with a focus on low-income users.

    Facts last verified 29 September 2026 Updated
    On this page
    1. At a glance
    2. What it does
    3. Why it matters to banks
    4. Connections

    At a glance

    Wholly owned by RBI
    Short name
    RBIH
    Legal form
    Wholly owned subsidiary of RBI (Section 8 not-for-profit company)
    Headquarters
    Bengaluru
    Established
    2022 Inaugurated on 24 March 2022; its company registration number indicates incorporation in 2021.
    Employees
    No official figure found in the sources checked
    Official site
    rbihub.in
    Roles
    • Promotes innovation in financial services, with a focus on low-income users
    • Builds the Unified Lending Interface (ULI)
    • Built MuleHunter.ai for detecting mule accounts

    What it does

    The Reserve Bank Innovation Hub promotes innovation in financial services. RBI set up the Reserve Bank Innovation Hub as a Section 8 company with ₹100 crore of initial capital; it was inaugurated in Bengaluru on 24 March 2022.1Reserve Bank of India. Inauguration of the Reserve Bank Innovation Hub (Press Release 2021-2022/1903). As of 24 March 2022. The Reserve Bank Innovation Hub describes itself as a wholly owned subsidiary of RBI; its work includes the Unified Lending Interface and MuleHunter.ai.2Reserve Bank Innovation Hub. Reserve Bank Innovation Hub. As of 29 September 2026.

    Why it matters to banks

    The Unified Lending Interface is intended to connect lenders to the data they need for credit decisions through one platform, rather than many separate integrations. MuleHunter.ai addresses a fraud problem every bank shares: accounts used to receive and move stolen money.

    Connections

    • RBI: RBI owns all of RBIH.2

    Sources

    1. Inauguration of the Reserve Bank Innovation Hub (Press Release 2021-2022/1903). Reserve Bank of India. Primary source, accessed 29 September 2026. Supports: RBI set up the Reserve Bank Innovation Hub as a Section 8 company with ₹100 crore of initial capital; it was inaugurated in Bengaluru on 24 March 2022 (as of 24 March 2022).
    2. Reserve Bank Innovation Hub. Reserve Bank Innovation Hub. Primary source, accessed 29 September 2026. Supports: The Reserve Bank Innovation Hub describes itself as a wholly owned subsidiary of RBI; its work includes the Unified Lending Interface and MuleHunter.ai (as of 29 September 2026).