RBI Wins ‘Initiative of the Year’ Award for ‘.bank.in’ Domain Rollout

Current Context: RBI wins prestigious global ‘Initiative of the Year’ Award from Central Banking, London on March 17, 2026.

• Award recognizes rollout of mandatory ‘.bank.in’ domain, introduced in February 2025 for all regulated banks.
• India becomes the first country worldwide to enforce a dedicated secure banking domain system.
• Objective: curb phishing, spoofed websites, and cyberfraud while enhancing consumer trust in digital banking.
• The initiative involved collaboration between RBI, Government of India, NIXI, IDRBT, and banking institutions.
• Transition ensures standardized domain identity, stronger cybersecurity, and global benchmark in online banking safety.
• Award highlights India’s leadership in digital financial infrastructure and proactive cyber‑security measures.

Question:

Q.1 The global ‘Initiative of the Year’ Award (2026) was conferred upon the Reserve Bank of India by which organization?
a) World Bank
b) International Monetary Fund
c) Central Banking
d) Bank for International Settlements

Answer: c) The award was given by Central Banking (London), a reputed global financial publication recognizing excellence in central banking initiatives.