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Ministry of Electronics & IT
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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.

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Issued by
Ministry of Electronics & IT
Published on
Press Information Bureau, pib.gov.in (Press releases)
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www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
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