[EDITOR NOTE — DELETE BEFORE PUBLISHING] The official release explicitly cites dates as 22 and 23 October 2026, which appears to be a typographical error in the PIB publication.
The Centre for Development of Advanced Computing (C-DAC) and public-sector lender Bank of India (BOI) have signed a memorandum of understanding to advance indigenous quantum technologies and emerging digital solutions for the banking sector.
Under the agreement, both entities will collaborate on joint research, proof-of-concept testing in secure sandbox environments, and capacity building. The partnership aims to build quantum-resistant and quantum-safe banking systems to address emerging cybersecurity threats and complex financial decision-making.
Beyond quantum computing, the initiative will cover artificial intelligence, blockchain, and high-performance computing. Potential applications include fraud analytics, credit assessment, automated document processing, smart contracts, and secure data sharing, alongside training programmes to develop technical talent.
Source
Press Information Bureau, Government of India, “बैंकिंग अनुप्रयोगों के लिए स्वदेशी क्वांटम प्रौद्योगिकियों को बढ़ावा देने की दिशा में सी-डेक और बैंक ऑफ इंडिया ने हाथ मिलाया”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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