RBI's Department Of Technology’s Agenda For 2025-26
FinTech BizNews Service
Mumbai, May 29, 2025: According to the Reserve Bank of India's Annual Report for 2024-25 released today, the Department Of Technology (DIT)’s goals for 2025-26 are set out below:
● Cloud Facility for the Financial Sector :
Phase I of the IFS cloud with basic services such as Infrastructure as-a-Service, Platform-as-a-Service, Software-as-a-Service, Container-as-a Service, Storage-as-a-Service, and Public Internet Protocol-as-a Service would be initiated. Subsequently, work on Phase II of the cloud with advance services like API management, application performance management, availability zone, and Development, Security and Operations (DevSecOps) will be initiated;
● e-Kuber 3.0:
Development of future modules relating to functionalities such as primary auction, public debt management, Central Accounts Section and Centre for Financial Literacy (CFL) have been planned;
● Alternate Mechanism for Digital Payment System: The Reserve Bank will continue further innovation and development of alternate payment and messaging systems. The vision will be to develop payment and messaging solutions based on modern standards with advanced capabilities;
● AI Governance Policy:
Framework for AI Policy for the Reserve Bank for responsible and ethical use of AI/machine learning (ML) technologies by employees, vendors, and third-party partners will be initiated. By providing clear guidelines on data handling, consent and security, the policy seeks to maintain the integrity of the Reserve Bank’s operations while using the opportunities that AI offers; and
● Enhancing Trust in the Financial Sector Through ‘bank.in’ and ‘fin.in’ Domains:
To combat increased instances of fraud in digital payments, the Reserve Bank had announced introducing the ‘bank. in’ exclusive internet domain for Indian banks. This initiative aims to reduce cyber security threats and malicious activities like phishing; and streamline secure financial services, thereby enhancing trust in digital banking and payment services. The Institute for Development and Research in Banking Technology (IDRBT) will act as the exclusive registrar. The registration process for the banks will be initiated.
The work relating to cloud facility for the financial sector, next generation core banking (i.e., e-Kuber 3.0), registration of banks for ‘bank.in’ domain and AI governance policy framework would be initiated in 2025-26.
