See also:
RBI’s “.bank.in” Initiative: A Concept Lacking Verification and Security Compared To .Bank -
https://register.bank/insights/rbi-requires-domain-change/ (by .bank, who lost 2 indian clients due to this regulation). The State Bank of India too must have lost some money, as they had registered their own TLD .sbi and had been using that (
https://onlinesbi.sbi ).