RBI data centre to strengthen payment systems, cyber resilience
Reported by Economic Times Markets, not nibnow. We are not the publisher of this story, only the source is.
The new sovereign data centre will make India’s core payment systems like RTGS and NEFT more reliable and less dependent on external cloud providers, directly affecting the speed and safety of everyday financial transactions.
The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also inaugurated a cybersecurity training institute, which will develop expertise in emerging technologies. The data centre will support critical systems like RTGS and NEFT for efficient financial transactions.
The Reserve Bank of India (RBI) oversees the country’s monetary policy and payment infrastructure, and systems such as RTGS and NEFT are critical for real‑time and electronic fund transfers across banks.
- •Implementation timeline for moving RTGS and NEFT operations to the new data centre
- •Potential regulatory updates on the use of third‑party cloud services for banking
- •Expansion of cybersecurity training programs to build expertise in emerging technologies