Summary: The Reserve Bank of India (RBI) is introducing an exclusive “bank.in” internet domain to help combat digital financial fraud and increase trust in digital banking. The move includes the rollout of Additional Factor of Authentication (AFA) for online transactions, adds layers of security in the payment ecosystem. Registrations for the new domains will begin in April 2025, with plans for a separate “fin.in” domain for non-bank financial entities as well.
Affected: Reserve Bank of India (RBI), digital banking sector in India
Keypoints :
- Introduction of exclusive “bank.in” domain to combat cyber threats and phishing.
- IDRBT designated as the exclusive registrar for the new domains, starting registration in April 2025.
- Debut of Additional Factor of Authentication (AFA) for secure online card transactions.
- AFA aims to provide an extra layer of security without mandating specific authentication methods.
Source: https://thehackernews.com/2025/02/indias-rbi-introduces-exclusive-bankin.html