RBI to introduce ‘bank.in ‘ and ‘fin.in’ domains to enhance payment security

In order to bolster trust in digital banking and reduce fraud risks, the Reserve Bank of India (RBI) on Friday said it is launching exclusive internet domains—‘bank.in’ and ‘fin.in’—for Indian financial institutions. This initiative aims to tackle the rising instances of fraud and cyber security threats in the rapidly growing digital payment space, particularly phishing and other malicious activities that have compromised the safety of online transactions.