RBI Sets Up Q-Safe Committee to Strengthen Banking Sector Against Quantum Threats

The Reserve Bank of India (RBI) has constituted a Q-Safe Committee to help prepare the country’s banking and financial system for cybersecurity risks arising from advances in quantum computing. The committee will assess the potential impact of quantum technologies on existing cryptographic systems and recommend strategies to enhance cyber resilience.

Quantum computing is expected to significantly improve computing power, but it could also undermine traditional encryption methods used to protect financial transactions and sensitive data. Recognizing these emerging risks, the RBI has initiated efforts to promote quantum-safe security standards and long-term preparedness.

The committee will work on developing a roadmap for the adoption of quantum-resistant technologies, strengthening cybersecurity frameworks, and ensuring the resilience of India’s financial infrastructure. The move highlights the regulator’s proactive approach to addressing future technology-driven risks in the banking sector.

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