The Reserve Bank of India has formed an eight-member committee to explore quantum technology's role in finance. Headed by an IIT Madras professor, the panel will assess opportunities, risks, and challenges. It will also review the financial sector's readiness for quantum-related threats. The committee aims to recommend a roadmap for safe adoption of quantum applications in finance within six months.

The Reserve Bank of India is forming an expert committee to study quantum technology's role in finance. This new technology could revolutionize financial tasks but also poses…

RBI has formed an expert panel to study quantum technology risks and recommend a quantum-safe framework for India’s financial system.