New Delhi: In a significant move to combat rising digital payment frauds, the Reserve Bank of India (RBI) has announced the introduction of special internet domains for banks and non-banking financial companies (NBFCs). as per RBI’s Grand Plan these domains, namely ‘bank.in’ and ‘fin.in,’ aim to enhance cybersecurity and mitigate phishing and other fraudulent activities. RBI Governor Sanjay Malhotra, while presenting the bi-monthly monetary policy review on Friday, expressed concerns over the increasing cases of digital payment frauds. To counter this issue, the RBI will launch the ‘bank.in’ domain for…
Read MoreRBI’s Grand Plan against Digital Fraud: Special Internet Domains
