Announcements & other updates
C-DAC and Bank of India partner for quantum technology in banking
The Ministry of Electronics & IT announced on 23 October 2026 that the Centre for Development of Advanced Computing (C-DAC) and Bank of India (BOI) signed a Memorandum of Understanding on 22 October 2026. The partnership aims to develop a Quantum Ecosystem for Financial Innovation to improve banking security and decision-making using indigenous quantum-safe technologies.
Source details
- Issued by
- Ministry of Electronics & IT
- Published on
- Press Information Bureau, pib.gov.in (Press releases)
- File hosted on
- www.pib.gov.in, the government's file server for pib.gov.in
- Dated
- 23 October 2026
- The link opens
- The original press release on the government website, in a new tab, unchanged.
- Our check
- Drafted from the release text and checked by software. Not yet reviewed by a person.