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RBI introduces 'bank.in' and 'fin.in' domains to fight digital fraud and enhance online security.
The Reserve Bank of India (RBI) is introducing exclusive internet domains 'bank.in' for Indian banks and 'fin.in' for non-bank financial entities to combat digital fraud and enhance cybersecurity.
Registrations for 'bank.in' will start in April 2025, with 'fin.in' to follow.
The RBI also plans to mandate an Additional Factor of Authentication (AFA) for cross-border online transactions to further secure digital payments.
This initiative aims to boost trust in the financial sector and reduce cyber threats like phishing.
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