RBI to introduce exclusive internet domains for banks and non-banks

The Reserve Bank of India (RBI) is introducing exclusive internet domains for financial sector participants including banking and non-banking entities. Indian banks will have a ‘bank.in’ domain, whereas non-bank entities will have a ‘fin.in’ domain. Registrations for the same will commence from April this year.

RBI’s move to introduce exclusive banking domains comes on the back of a need to contain cyber security threats such as phishing attacks.