- The Reserve Bank of India (RBI) has instructed all banks to begin migrating their existing domains to the .bank.in domain by October 31.
- Purpose: This move aims to strengthen the cybersecurity framework and boost public confidence in digital banking and payment systems.
- Action Required: Banks need to initiate the registration process with the Institute for Development and Research in Banking Technology (IDRBT) by contacting them at sahyog@idrbt.ac.in.
This initiative is a step towards enhancing the security and trustworthiness of the digital banking ecosystem in India.
