Economy News

Q-SAFE Committee

May 30 , 2026 13 hrs 0 min 79 0

The Reserve Bank of India (RBI) formed an 8-member expert committee called Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE).
The committee will study the impact of quantum technology on India’s banking and financial system and submit its report within six months.
It will examine risks to cybersecurity, digital payments, and existing cryptographic systems from quantum computing.
The panel will also recommend a roadmap for adopting quantum-safe cryptography and improving financial system resilience.
The committee is headed by Professor Anil Prabhakar of IIT Madras, with members from the Department of Science and Technology (DST), State Bank of India (SBI), and National Payments Corporation of India (NPCI).