RBI launches data center and cybersecurity training institute in Bhubaneswar

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RBI Bhubaneswar data center

Highlights

Prime Minister Narendra Modi inaugurated the RBI’s new data center and cybersecurity training institute in Bhubaneswar.
The new data center will host the RBI’s mission-critical systems, such as RTGS and NEFT, while the training institute will develop expertise in emerging technologies, including AI.
The project is important for strengthening India’s digital payments ecosystem and building long-term cybersecurity and technological capabilities across the financial sector.

This article was translated from the original. Read the original version by our correspondent here.

Financial technology infrastructure at the heart of the inauguration

According to an RBI press release, Prime Minister Narendra Modi inaugurated the Reserve Bank of India’s new data center and cybersecurity training institute in Bhubaneswar. Odisha Governor Brajamohan Ram, Chief Minister Mohan Charan Majhi, Union Finance and Corporate Affairs Minister Nirmala Sitharaman, Union Tribal Affairs Minister Jual Oram, the state’s deputy chief ministers and other public representatives also attended the event.

In his address, the Prime Minister said the data center and cybersecurity training institute play an important role in strengthening India’s digital financial infrastructure and advancing technological self-reliance. He emphasized that a secure digital infrastructure, robust data centers and powerful computing systems are essential for a secure banking system, and that this new RBI facility is an important step in that direction.

Finance Minister Nirmala Sitharaman said a resilient infrastructure framework is strategically important for safeguarding financial stability and sustaining economic growth. According to her, the new data center will host the RBI’s mission-critical systems, including RTGS and NEFT, while the training institute will develop expertise in cybersecurity, AI and other emerging technologies.

Impact on payment systems and skills development

In his welcome address, Reserve Bank Governor Sanjay Malhotra said the central bank is committed to adopting emerging technologies, strengthening digital infrastructure, enhancing cybersecurity and developing indigenous technological capabilities. He also linked the initiative to the country’s ambition to become a developed nation by 2047.

The project is also important to the RBI’s operational framework because it supports systems that are at the heart of India’s digital payments ecosystem. In addition, the training institute will play a long-term role in building cyber risk management and new technology capabilities for the financial sector, technology providers and the broader banking ecosystem.

Our previous report discussed the challenges emerging amid the rapid expansion of US AI data centers—including high financing costs, construction delays and limitations in power supply. The article noted that many announced projects appear unlikely to be completed on time, raising questions about investor confidence and the pace at which computing capacity is actually expanding.

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