Modi inaugurates RBI cyber institute, data centre in Bhubaneswar

Prime Minister Narendra Modi inaugurated a Reserve Bank of India data centre and cybersecurity training institute in Bhubaneswar on Sunday, urging stronger protection for the country’s banking system against cyber threats. He said attacks on economies could weaken nations and that financial infrastructure needed to be secured as India’s economy and digital services expanded. Modi said cyber threats were evolving and could not be addressed adequately with outdated systems and training methods. He called for modern infrastructure and a skilled workforce, describing the new institute as important to developing expertise for emerging challenges. The facilities, he said, would benefit Odisha and the country. Finance Minister Nirmala Sitharaman said the data centre would house critical RBI systems, including the Real Time Gross Settlement and National Electronic Funds Transfer payment systems. She said the institute would build expertise in cybersecurity, artificial intelligence and other emerging technologies. RBI Governor Sanjay Malhotra also highlighted the central bank’s efforts to strengthen digital infrastructure and cybersecurity. Modi described the previous decade as a...