Reserve Bank of India (RBI) forms panel to study quantum technology risks in finance sector

Exam-focused facts from the 27 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has constituted an eight-member panel, named the Expert Committee for a Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE), to recommend a roadmap for a quantum-secure financial system.
Anil Prabhakar, a professor in the Department of Electrical Engineering at the Indian Institute of Technology (IIT) Madras, will serve as the convenor of the panel.
The FinTech Department of the RBI will provide secretarial support to the committee.
The committee is required to submit its report within six months from the date of its first meeting.
The panel's terms of reference include evaluating the financial sector's cryptographic inventory through a Cryptography Bill of Materials (CBOM) and assessing crypto agility.