Secure banking system needs secure digital infrastructure, says PM Modi
BusinessLine 1 hr ago·25 Oct 2026, 3:58 pm
Prime Minister Narendra Modi said that a secure banking system depends on a robust digital infrastructure. He pointed to the Reserve Bank of India's new Data Centre and the Cybersecurity Training Institute as key steps toward strengthening the country's financial technology backbone and reducing reliance on foreign solutions.
For investors, the announcement signals continued policy focus on modernising banks' IT and cyber‑defence capabilities. Higher spending on data centres, cloud services and security training could benefit firms that provide these services and improve confidence in the broader banking sector. Market participants will be watching for detailed RBI guidelines, funding allocations and any timeline for rollout, as well as how quickly banks adopt the new infrastructure.
Excerpt from BusinessLine
A secure banking system needs secure digital infrastructure supported by robust data centres and powerful computing systems, said Prime Minister Narendra Modi. In this regard, Modi highlighted the significance of the Reserve Bank of India’s Data Centre and Cybersecurity Training Institute in strengthening India’s…Read the original at BusinessLine
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