The move is intended to support local financial companies and counter the current global cloud service providers’ dominance.

This development will place the RBI in direct competition with other service providers like Microsoft Azure, Amazon Web Services, IBM Cloud, and Google Cloud

The Reserve Bank of India is launching a pilot program in 2025 to offer affordable data storage to financial institutions. This cloud platform, utiliz

Indian central bank is planning to launch cloud services in 2025 to counter foreign cloud businesses like AWS and Microsoft Azure.

The RBI's cloud platform will collaborate with Indian IT firms, creating competition for global giants like Amazon Web Services, Microsoft Azure, Google Cloud, and IBM Cloud

RBI plans to launch a pilot program in 2025 for local cloud data storage aimed at financial firms in competition with major global providers. The program will prioritize affordability for smaller institutions and be backed by local IT firms,

India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.

The Reserve Bank of India (RBI) is gearing up to launch a one-of-a-kind cloud platform in 2025. The initiative, a first for any major global central bank, will utilize local IT companies. The move puts RBI in competition against international tech giants like Amazon Web Services (AWS),

The Reserve Bank of India is set to launch a local cloud storage pilot in 2025, challenging global providers like AWS and Google. This initiative aims to support smaller financial firms with cost-effective solutions.

The Reserve Bank of India is launching a pilot program in early 2025 to offer cloud storage services to financial institutions, starting with smaller firms. This initiative, funded by the RBI's asset development fund,