RBI to launch affordable cloud storage for financial firms to counter dominance of AWS, Microsoft Azure, Google Cloud: Report
The Reserve Bank of India (RBI) is preparing to launch a pilot programme in 2025 aimed at providing affordable local cloud storage solutions for financial firms, according to a report by Reuters. This initiative is intended to challenge the dominance of international cloud service providers such as Amazon Web Services, Microsoft Azure, Google Cloud, and IBM Cloud. The move, confirmed by sources familiar with the matter, remains confidential as discussions continue.