nib.
Briefed. Not Overwhelmed.
News In Brief, Nownibnow by ravenso
PM Modi inaugurates RBI’s Rs 169-crore data centre, cybersecurity institute in OdishaPhoto: economictimes.indiatimes.com
nib.
TOPeconomictimes.indiatimes.com · 4 hours agoLive

PM Modi inaugurates RBI’s Rs 169-crore data centre, cybersecurity institute in Odisha

Reported by economictimes.indiatimes.com, not nibnow. We are not the publisher of this story, only the source is.

WHY IT MATTERS

The new RBI data centre and Cybersecurity Training Institute in Odisha will strengthen the technological backbone and security of India's financial system, affecting how banks and payments operate.

WHAT HAPPENED

Prime Minister Narendra Modi inaugurated the newly established Reserve Bank of India's data centre and Cybersecurity Training Institute in Bhubaneswar. The investment for these facilities was Rs 169 crore, aimed at enhancing technological infrastructure. The data centre holds Uptime Institute's Tier...

KEY CONTEXT

The Reserve Bank of India is the country's central bank, responsible for monetary policy and banking regulation; a Tier-rated data centre ensures high availability for critical financial data, and cybersecurity training institutes aim to develop skilled professionals to protect digital infrastructure.

WHAT TO WATCH
  • •Implementation of the data centre's services for banks and payment systems
  • •Launch of cybersecurity training programs and enrollment numbers
  • •Potential announcements of further technology upgrades by the RBI
Text size
READ IN YOUR LENS
UPSCMarketsFounder
Read full article at economictimes.indiatimes.com