C-DAC and Bank of India signed a memorandum on 22 October to explore quantum financial innovation and emerging banking technologies, MeitY said in a 23 October release.
The collaboration covers joint research, proofs of concept, pilot implementations and capacity building. It will examine quantum-inspired and quantum-safe approaches, including security and decision-making applications. The announcement describes research and testing plans, rather than a completed rollout across banking services.
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Source: Press Information Bureau, 23 October 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2327274
Photo: Press Information Bureau / issuing ministry.
