India's banking on the bank.in domain cleaning up its financial services sector

The Reserve Bank of India announced a policy to strengthen trust and reduce phishing and payment fraud by moving banks and financial services to dedicated second-level domains (bank.in and fin.in) with IDRBT as sole registrar, and by requiring two-factor authentication for cross-border card-not-present transactions. These measures align with broader government efforts to modernize financial infrastructure (including shared platforms for PACS and ARDBs and a financial cloud) and are intended to uplift security practices across India’s diverse banking ecosystem.