💨 Abstract

The Reserve Bank of India's governor, Sanjay Malhotra, has warned lenders about rising instances of fraud in digital payments and announced the introduction of secure website domain names, such as 'bank.in' and 'fin.in', to combat fraudulent practices. The Institute for Development and Research in Banking Technology (IDRBT) will act as the exclusive registrar, with registrations starting in April 2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖