RBI forms quantum tech committee
Analysis based on 19 articles · First reported May 25, 2026 · Last updated May 25, 2026
The formation of this committee by the State Bank of India>>> signals a proactive approach to future technological risks, which could positively impact investor confidence in the long-term security of India>>>'s financial infrastructure. While there is no immediate direct market impact, the initiative aims to safeguard the financial sector from potential disruptions caused by quantum technology, thereby mitigating future systemic risks.
The State Bank of India>>> (RBI) has established an eight-member expert committee to assess the opportunities and risks of quantum technology within India>>>'s financial sector. Chaired by T. Prabhakar Rao>>> of IIT Madras, the committee, operating under the Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) initiative, will evaluate current cryptographic systems, identify vulnerabilities to quantum threats, and assess industry preparedness for quantum-safe cryptography. Members include representatives from the India — Department of Science and Technology (India)>>>, State Bank of India>>>, India — National Payments Corporation of India>>>, India — Ministry of Electronics and Information Technology>>>, and Data Security Council of India>>>. The committee is tasked with recommending a roadmap to secure India>>>'s financial system against future quantum-related cyber threats and is expected to submit its report within six months.
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