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RBI Wins “Initiative of the Year” Award for .bank.in Domain

1 min read Source: ET
RBI Grade BNABARD ESISEBI
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The Reserve Bank of India (RBI) has received the “Initiative of the Year” award from Central Banking for launching the .bank.in domain, a dedicated internet domain for India’s banking sector.

What is .bank.in?

The .bank.in domain is a specialised and exclusive internet domain for banks in India, designed to strengthen the security of digital banking services.

India has become the first country in the world to mandate a dedicated domain exclusively for banks.

Objectives of the Initiative

The .bank.in domain aims to:

  • Enhance cybersecurity in digital banking
  • Reduce phishing and digital payment frauds
  • Increase consumer trust in online banking
  • Strengthen overall financial stability

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