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India ’s key coin bank is introducing an undivided “ .bank.in ” domain for banking concern from April 2025 as part of efforts to combat rising digital payment frauds and bolster trustingness in on-line banking services .
The Institute for Development and Research in Banking Technology ( IDRBT ) will serve as the exclusive registrar for the new sphere , the Reserve Bank of India enjoin in a statement on Wednesday . The cardinal cant plans to swan out a freestanding “ fin.in ” domain for non - bank fiscal institutions .
“ increase example of sham in digital payments are a significant concern , ” say RBI governor Sanjay Malhotra , add that the new domain system aim to slenderize cybersecurity threats and malicious activities like phishing . The move arrive as Indiagrapples with a surge in digital payment frauds and predatory loaning apps .
The central coin bank said it would issue detailed guidelines to banks on an individual basis for the new first step , which is design to help drug user distinguish legitimate banking websites from fallacious ones .
