RBI Orders Banks to Move to the .bank.in Domain
Why in the news
The central bank told every bank to move its internet address to a dedicated banking domain, as a security measure for digital banking.
Key facts
- Regulator: Reserve Bank of India; applies to all banks.
- New domain: .bank.in; banks must begin moving existing domains, with the target date of October 31.
- Registration agency: IDRBT (Institute for Development and Research in Banking Technology); banks write to sahyog@idrbt.ac.in to start.
Purpose
- Strengthen the cybersecurity framework of banking.
- Raise public confidence in digital banking and payment systems.
- Make India’s digital banking ecosystem more secure and trustworthy.
Exam angle
- Exclusive banking domain: .bank.in.
- Registration body: IDRBT.
- Deadline for migration: October 31.