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RBI's Bhubaneswar Data Centre to Enhance Critical Services
Sentiment: NeutralHigh Priority
What Happened?
The Reserve Bank of India's new data centre in Bhubaneswar aims to improve the resilience of the financial system and reduce downtime for critical services, according to Governor Sanjay Malhotra. The facility will operate independently of third-party cloud services.
Key points
- The data centre has Tier 4 accreditation from the Uptime Institute.
- It will host RBI's payment systems, including NEFT and RTGS.
- The facility includes a cybersecurity training institute.
- Bhubaneswar was chosen for its geographical distance from existing centres.
- The project costs Rs 169 crore and was inaugurated by Prime Minister Narendra Modi.
Key insights
- Improved uptime may lead to greater public trust in digital banking.
- The training institute could help address cybersecurity skills gaps in the financial sector.
- The geographical diversity of data centres may enhance disaster recovery capabilities.
Why it matters
The new data centre could enhance the reliability of financial services for users across India.
Tags
Entities
Reserve Bank of India· OrganizationBhubaneswar· CityNarendra Modi· Person
Source
Business Standard
