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RBI to launch affordable cloud storage for financial firms to counter dominance of AWS, Microsoft Azure, Google Cloud: Report
The Reserve Bank of India is set to launch a local cloud storage pilot in 2025, challenging global providers like AWS and Google. This initiative aims to support smaller financial firms with cost-effective solutions.
Exclusive: India cenbank plans 2025 launch of cloud services, countering dominance of global firms
India's central bank will launch a pilot programme 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.
India’s Central Bank Plans Local Cloud Pilot to Counter Global Firms’ Dominance
India’s central bank will reportedly launch a 2025 pilot for affordable local cloud storage for financial firms developed with domestic IT companies. This India’s central bank will reportedly launch a 2025 pilot for affordable local cloud storage for financial firms developed with domestic IT companies.
RBI plans 2025 launch of cloud services, countering dominance of global firms
Indian central bank is planning to launch cloud services in 2025 to counter foreign cloud businesses like AWS and Microsoft Azure.
RBI aims to launch cloud services in 2025 to counter global dominance: Report
The Reserve Bank of India is launching a pilot program in 2025 to offer affordable data storage to financial institutions. This cloud platform, utilizing local IT firms, aims to provide a cost-effective alternative to foreign-dominated services and will be expanded in phases,
India's economic growth needs more affordable interest rates, minister says
India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New ...
India's Gold Market Update: Festive Buying Holds Ground In The Face Of High Prices
Indian gold ETFs continue to attract strong interest from investors, with October seeing the largest inflows on record. Click ...
Boards must be cognizant of build-up of concentrations in their business model says RBI Governor
Boards may adopt a proactive approach in identifying and addressing potential challenges. This necessitates clear understanding of both the external conditions as well as the internal currents within ...
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Reserve Bank of India customer care gets threat call, man claims to be 'Lashkar CEO': Reports
The 'CEO' of the Pakistan-based terrorist group Lashkar-e-Taiba called the Reserve Bank of India (RBI) customer service ...
ED probes high net-worth individuals' offshore investments in India-focused funds: Report
While regulations permit Indian residents to invest abroad under the Reserve Bank of India’s (RBI) Liberalised Remittance ...
Morgan Stanley lowers India's growth for FY25; economy may expect a better Q3 show with wedding season
Morgan Stanley has revised India's FY25 growth forecast to 6.7%, down from 7%, citing weaker-than-expected second-quarter ...
India’s central bank chief warns growing risk of global inflation returning
Central banks have managed to engineer a soft landing, but there is still a risk of global inflation returning, according to ...
India's forex reserves slide to three month low
India's foreign exchange reserves fell for a sixth consecutive week to a near 3-month low of $675.65 billion as of November 8, data from the Reserve Bank of India (RBI) showed on Friday. The reserves ...
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India likely to attract USD 20-25 billion FPI inflows in FY25, recent outflow temporary: Bank of Baroda
Foreign portfolio investment (FPI) inflows into India are projected to remain positive in FY25, with an expected inflow of USD 20-25 billion, according to a report by Bank of Baroda. Despite recent ...