Deepfake videos of the RBI Governor used to promote investment schemes
What happened
On 19 November 2024 the Reserve Bank of India said that fake videos of its Governor were circulating on social media, claiming that the RBI had launched or was backing certain investment schemes and advising people to put money into them.
The RBI said its officials had nothing to do with the videos, that they were fake and that it never gives investment advice, and it warned people not to fall for what it called deepfake videos. Its statement did not say who made them, or whether anyone had lost money.
- November 2024
- Across India
- Finance and payments
- Synthetic mediaFake videos of the Governor. The Reserve Bank did not say how they were made or by whom.
- Used deliberately to cause harm
- Public interest, reputational
- Members of the public targeted with fake investment advice, and the Reserve Bank
- An official statement
- Added 01.10.2026
What followed
The warning followed a similar one from the National Stock Exchange in April 2024, about deepfake videos of its chief executive recommending stocks.
Sources
- Fake investment advice: RBI warns investors on expert deepfake videos circulated over social media
Business Today,
- RBI warns people over deepfake videos of Governor
The Tribune,
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