India's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.
The RBI did not respond to an email from Reuters seeking details of the project.The Reserve Bank of India 's monetary policy committee raised the key lending rate or the repo rate to 5.40%. India 's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.
"We want to start implementing on a smaller scale in the next few months," said one of the two sources, a senior executive working on the project. Details of the project have not been previously reported. The RBI did not respond to an email from Reuters seeking details of the project.
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