India to launch new domain name for banks to fight digital fraud

Quick Summary:

India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services.

The central bank said it would issue detailed guidelines to banks separately for the new initiative, which is designed to help users distinguish legitimate banking websites from fraudulent ones.

The move comes as India grapples with a surge in digital payment frauds and predatory lending apps.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesIndiaMali

Topics: Reserve Bank of India Banking Security

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 06:23:34 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 163 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25955968

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