Reserve Bank of India formed an expert committee named Q-SAFE to study the impact of quantum technology on India’s financial sector and strengthen protection against future cyber threats.

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• RBI formed the Q-SAFE committee on May 25, 2026.
• Q-SAFE stands for Quantum Secure and Adaptive Financial Ecosystem.
• Committee will study benefits, risks and challenges of quantum technology in finance.
• Panel will examine cyber threats linked to future quantum computing systems.
• Quantum technology uses principles like superposition and entanglement for computation.
• Quantum computing could impact existing banking encryption and cybersecurity systems.
• Committee will assess readiness of India’s financial sector for quantum-safe cryptography.
• Panel will review vulnerable financial systems and critical digital infrastructure.
• Study includes preparation of a Cryptography Bill of Materials (CBOM).
• CBOM is an inventory of cryptographic assets used within systems.
• Committee will also examine “crypto agility” in banking technology systems.
• Crypto agility means ability to quickly update encryption methods when needed.
• Experts from RBI, IIT Madras, NPCI, DST and cybersecurity institutions are part of panel.
• Committee is expected to submit its report within six months of first meeting.
• Quantum technology may support advanced financial modelling and risk assessment in future.
• Initiative highlights growing focus on cybersecurity and digital resilience in banking sector.