RBI Wins Central Banking’s Initiative of the Year for .bank.in
Why in the news
Central Banking honoured the Reserve Bank of India for its .bank.in domain project, a step to make online banking safer.
Key facts
- Award: Initiative of the Year, from Central Banking.
- Winner: Reserve Bank of India.
- Initiative: the .bank.in internet domain for Indian banks.
- India is described as the first country to make an exclusive bank domain mandatory.
About .bank.in
It is a specialised domain reserved for banks in India, created to make digital banking services more secure.
Objectives
| Goal | Expected benefit |
|---|---|
| Cybersecurity | Stronger protection in digital banking |
| Fraud control | Fewer phishing and digital payment frauds |
| Customer trust | More confidence in online banking |
| Stability | Better overall financial stability |
Exam angle
- Award giver: Central Banking; award: Initiative of the Year.
- Domain: .bank.in for banks.
- Purpose keywords: phishing, trust, cybersecurity.