Consider the following statements regarding the RBI's new domain name initiative: 1. The domain '.com' will no longer be used by Indian banks. 2.The initiative aims to enhance cybersecurity and reduce phishing attacks. 3. Non-banking financial entities will use the domain '.Fin.in'. Mark the correct statement from the above using the codes given below:
Both 2 and 3
Why in the News?
"RBI Introduces Exclusive Domain Names for Indian Banks and Financial Institutions”
Statement 1: incorrect
RBI's initiative does not mandate the complete removal of '.com' domains for Indian banks. It only introduces additional domain options, specifically 'Bank.in,' for enhanced security and trust.
Statement 2: correct
The RBI’s new domain naming initiative is intended to improve cybersecurity, helping reduce phishing attacks, and build greater trust in digital banking by offering more secure, recognizable domains for financial institutions.
Statement 3: correct
The RBI has designated the '.Fin.in' domain for non-banking financial entities, allowing them to establish a secure online presence while differentiating them from traditional banking institutions, thereby enhancing security in the digital space.
Similar Questions
What recent approval did Skydo Technologies receive from the Reserve Bank of India (RBI)?
What recent approval did Skydo Technologies receive from the Reserve Bank of India (RBI)?
Consider the following statements:
1. Recently, The Reserve Bank of India has approved the establishment of National Urban Cooperative Finance and Development Corporation (NUCFDC) to support and strengthen Urban Cooperative Banks (UCBs) in India.
2. The primary objective of this new entity is to improve the financial literacy of customers of UCBs.
3. This initiative is expected to enhance the overall financial stability of the Indian banking sector.
Mark the correct statement from the above using the codes given below:
Consider the following statements regarding the RBI's new initiative:
1. It mandates Additional Factor Authentication (AFA) for all cross-border Card Not Present (CNP) transactions.
2. It aims to reduce fraud and enhance the security of international transactions using Indian cards.
3. It aligns with RBI's Payments Vision 2025 for a secure and efficient payment ecosystem.
Mark the correct statement from the above using the codes given below:
Which bank has been granted permission by the Reserve Bank of India (RBI) to open a branch in Gujarat International Finance Tec-City (GIFT City)?
How much penalty did RBI impose on Asirvad Micro Finance for regulatory violations?
Consider the following statements regarding the penalties imposed by the RBI:
1. HSBC was penalized for issues related to Know Your Customer (KYC) norms and foreign currency reporting.
2. IIFL Samasta Finance was fined for incorrect classification of Non-Performing Assets (NPAs).
3. RBI has clarified that penalties were imposed due to fraudulent customer transactions.
Mark the correct statement from the above using the codes given below:
Consider the following statements with reference to 29th Meeting of the Standing Advisory Committee (SAC) held by the RBI:
1. The meeting was chaired by Governor Shaktikanta Das.
2. The discussions was centered on enhancing credit flow to MSMEs.
3. The meeting explored alternative credit assessment models and digital lending frameworks.
Mark the correct statement from the above using the codes given below:
Consider the following statements with reference to RBI and NCFE's financial literacy campaigns:
1. The campaigns primarily target individuals between 18 and 60 years of age.
2. The National Strategy for Financial Education (NSFE) provides the framework for these initiatives.
3. The goal is to enhance financial awareness and inclusion, particularly for youth and senior citizens.
Mark the correct statement from the above using the codes given below:
What is the primary objective of RBI's Self-Regulatory Organisation (SRO) framework for Account Aggregators (AA)?
Important Questions from RBI
The Central Board of Directors of the Reserve Bank of India are appointed for a term of ______ years.
Which of the following Acts was amended to provide a statutory basis for the implementation of the flexible inflation targeting (FIT) framework?
In which year was The Reserve Bank of India was established?
Which of the following institutions is responsible for regulating the formal sources of credit in India?
Which of the following statements about the Reserve Bank of India (RBI) is NOT correct?
