RBI’s Directive To Banks:
In a significant move aimed at enhancing the security of digital banking and combating growing cybersecurity threats, the Reserve Bank of India (RBI) has mandated all banks to transition their existing web domains to the new ‘.bank.in’ domain by October 31, 2025. This directive comes in response to the increasing number of frauds in digital payment systems and aims to create a more secure and trusted online banking environment. By adopting this exclusive domain, banks will be able to mitigate cybersecurity risks, such as phishing attacks, and ensure the safety of digital transactions.