BANKING & FINANCE
RBI
RBI Wins 'Initiative of the Year' for Secure '.bank.in' Domain Rollout
The Reserve Bank of India (RBI) was honored with the 'Initiative of the Year' award at the 13th annual Central Banking Awards.
The award recognizes the innovative '.bank.in' domain rollout, launched in February 2025 to combat phishing and enhance digital banking security.
India is the first country globally to mandate a dedicated internet domain exclusively for licensed banks, ensuring users interact with genuine websites.
The Institute for Development and Research on Banking Technology (IDRBT) serves as the sole registrar for this domain initiative.
Exam Perspective: Cyber security in banking is a top priority; the '.bank.in' domain acts as a 'digital seal of trust' for Indian banking customers.
The award recognizes the innovative '.bank.in' domain rollout, launched in February 2025 to combat phishing and enhance digital banking security.
India is the first country globally to mandate a dedicated internet domain exclusively for licensed banks, ensuring users interact with genuine websites.
The Institute for Development and Research on Banking Technology (IDRBT) serves as the sole registrar for this domain initiative.
Exam Perspective: Cyber security in banking is a top priority; the '.bank.in' domain acts as a 'digital seal of trust' for Indian banking customers.
Key Facts / Static GK
IDRBT Location: Hyderabad (established by RBI)
Central Banking Awards Organizer: Central Banking (London-based media platform)
Governor of the Year 2026: Jerome Powell (US Fed Chair)
Central Banking Awards Organizer: Central Banking (London-based media platform)
Governor of the Year 2026: Jerome Powell (US Fed Chair)
Practice Quiz — 20 March 2026
Q1. What does the name of the joint military exercise 'LAMITIYE' mean in the Creole language?
Answer: (C) Friendship — The term 'LAMITIYE' means 'Friendship' in the Creole language, reflecting the cooperation between India and Seychelles.
Q2. In the VRR auction conducted by RBI on 20th March 2026, what was the total amount actually injected into the banking system?
Answer: (C) ₹48,014 crore — According to the news report, while the RBI offered ₹1.50 lakh crore, the actual liquidity injection via the VRR auction was ₹48,014 crore due to lower uptake by banks.
Q3. Regarding the expansion of UPI in Sri Lanka, which of the following statements is true?
Answer: (B) Payments are made by scanning Lanka QR codes through UPI apps. — Indian users can make real-time payments in Sri Lanka by scanning Lanka QR codes using their preferred UPI-enabled mobile applications.
Q4. Which company has launched the world's first Autonomous Maritime Shipbuilding Centre in Nellore?
Answer: (B) Sagar Defence Engineering Pvt Ltd — Sagar Defence Engineering Pvt Ltd has launched this center, which is the first of its kind globally, in Nellore, Andhra Pradesh.
Q5. In the newly launched hybrid passive index fund by Edelweiss AMC, what is the allocated ratio between Equity and Debt components?
Answer: (C) 70:30 — The fund, as indicated in its name and strategy, maintains a fixed asset allocation of 70% in Equity and 30% in Debt (Government Securities).
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