India, Feb. 7 -- Doubling down on its efforts to combat financial fraud, the Reserve Bank of India (RBI) is rolling out an exclusive internet domain, 'bank.in', for Indian banks.

This initiative aims to curb cybersecurity threats and malicious activities such as phishing. It also intends to streamline secure financial services while boosting trust in digital banking and payment services.

The Institute for Development and Research in Banking Technology (IDRBT) will serve as the exclusive registrar, with registrations beginning in April 2025.

The RBI governor Sanjay Malhotra also said that the detailed guidelines for banks will be issued separately.

However, he mentioned that going forward the RBI intends to extend this approach to non-...