The Reserve Bank of India has established an eight-member panel to examine quantum technology applications in the financial sector. The group is tasked with evaluating both potential benefits and associated risks over the coming months.
The committee will focus on opportunities, challenges and threats linked to quantum advancements. It is also set to assess how prepared Indian financial institutions are for related security issues.
በAI የተዘገበ በ AI የተሰራ ምስል
The US commerce department announced it will take equity stakes totaling $2 billion in nine quantum computing companies. The move includes funding for firms like IBM and GlobalFoundries as well as startups with ties to prominent investors.
The Reserve Bank of India intends to broaden its digital rupee pilot this fiscal year. It is also exploring central bank digital currency applications in international transactions.
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India's Reserve Bank of India has declined a request from banks to spread out provisions for expected mark-to-market losses in the March quarter. Banks sought this relief to mitigate pressures from rising government bond yields and a $100 million cap on net open positions. The decision adds to uncertainty in financial markets.
SBI Securities and Rakuten Securities are developing crypto investment trusts in-house. Nomura, Daiwa and SMBC plan to follow suit as Japan prepares rules allowing crypto-holding funds by 2028.
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SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. The government-backed initiative seeks to draw private capital into India's maritime sector through a blended finance approach.
Foreign banks are reclassifying arbitrage deals affected by the Reserve Bank of India's clampdown on rupee speculation as hedges for capital inflows from their overseas parents. The strategy seeks to avoid the regulator's $100 million net open position limit. RBI officials may examine these changes based on timelines and documentation.
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A new report calls for India to significantly increase research and development investment to strengthen its manufacturing sector and improve global competitiveness.