RBI Forms Quantum Finance Expert Committee

Relevant Extracted Data –

Committee Composition: Dr. Anil Prabhakar (Convener, IIT Madras), Shri Sunil Kumar (Additional Secretary, Department of Science & Technology), Shri Satish Rao Nagesh (Deputy Managing Director, State Bank of India), Shri Dilip Asbe (MD & CEO, National Payments Corporation of India), Shri Manoj Kumar Jain (Scientist‑G, Ministry of Electronics & Information Technology), Shri Vinayak Godse (CEO, Data Security Council of India), Dr. L Venkata Subramaniam (Quantum India Servant Leader, ex‑IBM Quantum India Head), Shri Suvendu Pati (CGM, FinTech Department, RBI – Member‑Secretary).

Secretarial Support: FinTech Department, Central Office, RBI will provide secretarial support; committee may invite additional domain experts, industry representatives, RBI departments, and other stakeholders.

Terms of Reference: (i) Explore benefits, risks, challenges of quantum technologies in finance; (ii) Evaluate financial sector cryptographic inventory via a Cryptography Bill of Materials (CBOM) and assess crypto‑agility; (iii) Conduct cross‑country regulatory analysis; (iv) Assess industry preparedness for quantum‑safe cryptography, including vendor tool maturity; (v) Recommend roadmap and framework to quantum‑secure the Indian financial system; (vi) Any other incidental areas.

Timeline: Committee will submit its report within six months from the date of its first meeting.

No auction results, money market operations, foreign exchange turnover, or survey data are included in this release.