Question

What is the primary objective of RBI’s local cloud

Q: Answer-What is the primary objective of RBI’s local cloud data storage pilot program launching in 2025?

RBIs local cloud storage initiative aims to provide affordable cloud solutions to smaller banking and financial firms, focusing on data localization and reducing dependency on global players.

data storage pilot program launching in 2025?

A To replace foreign cloud services in India

B To offer cost-effective solutions for smaller financial firms

C To store international payment data locally

D To create a backup for all Indian banks

E To support blockchain implementation

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What is the primary objective of RBI’s local cloud

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