IDBI Bank, a state owned lender, has partnered with eMudhra Consumer, a licensed certifying authority (CA), to implement digital signature based authentication solution to strengthen and secure its Corporate Inet Banking channel.
IDBI Bank Corporate Inet Banking users now have the option to use a Digital Signature Certificate (DSC), procured from a Certifying Authority, to authenticate and digitally sign online transactions.
IDBI Bank will implement the solution following recent directives from RBI to banks emphasizing upon digital signature enabled electronic banking transactions.
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.
