India, May 25 -- Reserve Bank of India on May 25, 2026 announced the formation of an expert committee for developing a Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) to assess the opportunities and risks arising from quantum technologies in the financial sector.
The central bank said quantum technology has the potential to transform areas such as portfolio optimisation, risk management and macroeconomic modelling, while also posing challenges to existing cryptographic standards used in financial systems.
The committee will be convened by Anil Prabhakar and includes representatives from the Department of Science and Technology, State Bank of India, National Payments Corporation of India, the Ministry of Electronics and Informatio...