RBI awarded by UK-based Central Banking for its ‘.bank.in’ domain to curb cyber crime

RBI has been selected for ‘Initiative of the Year Award’ by Central Banking in London for launching ‘.bank.in’ domain. “This makes India the first country globally to mandate a secure and exclusive Internet domain for the banking system,” RBI said. By mandating a domain name for the country’s lenders, RBI has struck a blow against cyber fraud, Central Banking said.