The Reserve Bank of India (RBI) has announced the launch of two new domains, ‘bank.in’ and ‘fin.in’, to enhance digital transaction security. RBI Governor Sanjay Malhotra stated that ‘bank.in’ will be an exclusive internet domain for Indian banks, while ‘fin.in’ will cater to non-banking financial companies (NBFCs). This initiative aims to reduce cybersecurity threats and phishing attacks.
The Institute for Development and Research in Banking Technology (IDRBT) will act as the exclusive registrar for these domains, with official registrations beginning in April 2025. Detailed guidelines for banks and financial institutions will be released soon.
Additionally, RBI has made Additional Factor of Authentication (AFA) mandatory for cross-border ‘card-not-present’ transactions, similar to domestic digital payments, ensuring stronger security and consumer trust.
