The solution builds trust and enhances security in the electronic banking system thereby enhancing comfort and confidence of both, the customer and the Bank while undertaking Third Party Funds Transfers and Bulk Transaction uploads.
Digital Signature Certificate (DSC) is a PKI based asymmetric cryptography technology using 2048 bit advanced encryption standards.
The information, which is digitally signed using a DSC, ensures authenticity, non-repudiation, confidentiality and integrity of the data transmitted. IDBI Bank Corporate Inet Banking users now have the option to use a DSC, procured from a Certifying Authority, to authenticate and digitally sign online transactions, added further.
IDBI Bank has taken the lead to expeditiously implement the solution following recent directives from RBI to Banks emphasizing upon digital signature enabled electronic banking transactions.
Shares of the bank were seen trading at Rs 89.20 lower by 0.94% on BSE at 12.20 pm IST.