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Unnamed Finance Ministry Official

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Last Updated: Just Now
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Banking, Fintech & Insurance 16 Oct 2026, 01:37 AM IST

Government Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plans

The finance ministry has asked banks to prepare for post-quantum cyber risks and develop a common industry framework for transition, according to an official familiar with the matter. The move reflects growing concern that encrypted banking data could be harvested now and decrypted later as quantum computing advances, alongside the need for stronger AI resilience across the financial system.

By RDU Global Wire6 min read
National Governance & Policy15 Oct 2026, 04:42 PM IST

India Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plan

India’s finance ministry has asked banks to begin preparing for a sector-wide transition to post-quantum security, while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, exposing banks, payment systems and customer records to delayed but severe cyber risk.

5 min readRead →
National Governance & Policy15 Oct 2026, 04:01 PM IST

Government Urges Banks to Build Quantum-Ready Defences and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, forcing lenders to align on common industry standards rather than fragmented internal fixes.

4 min readRead →
National Governance & Policy08 Oct 2026, 07:18 PM IST

India Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plan

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern over “harvest now, decrypt later” attacks, in which cyber adversaries collect encrypted financial data today in anticipation of future quantum computing capabilities.

5 min readRead →
National Governance & Policy08 Oct 2026, 05:49 AM IST

India Urges Banks to Build Quantum Transition Plan and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide shift toward post-quantum security and to develop an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, exposing banks, payment systems and customer records to long-tail cyber risk.

5 min readRead →
Macro Economy & Fiscal PolicyJust now (03:47 AM IST)

India’s GST Collections Rise 14.7% in September to Over ₹2.03 Lakh Crore

India’s gross Goods and Services Tax collections climbed 14.7% year-on-year to more than ₹2.03 lakh crore in September, underscoring resilient tax buoyancy despite a mixed macroeconomic backdrop. Domestic activity contributed about ₹1.38 lakh crore, while import-linked revenues jumped 26% to ₹65,525 crore, signalling firm consumption and trade-related flows.

5 min readRead →
Banking, Fintech & InsuranceJust now (02:11 PM IST)

RBL Bank receives GST show-cause notice over alleged Rs 173 crore input tax credit claim

RBL Bank said it has received a show-cause notice from Maharashtra GST authorities proposing a demand of more than Rs 173.08 crore, including interest and penalty, over alleged wrongful availment of input tax credit in FY23. The lender said it will respond to the notice and does not expect a material financial impact, citing favourable orders in an identical matter.

5 min readRead →
Macro Economy & Fiscal PolicyJust now (01:29 PM IST)

India’s Second Half of FY27 Will Be Tougher as Global Risks, Higher Rates Bite: CEA Nageswaran

India’s economic momentum has held up through July and August, but the second half of FY27 is likely to be more difficult as global uncertainty, rising interest rates and firmer oil prices weigh on activity, Chief Economic Adviser V. Anantha Nageswaran said. He said recent high-frequency indicators still point to resilience, even as September has already shown signs of strain.

5 min readRead →
India Entertainment & CultureJust now (10:43 AM IST)

Anuradha Kapur’s 'Virasat' Recasts Elkunchwar’s Wada Trilogy as a Stark Warning on Memory and Modernity

At Delhi’s Sunder Nursery, Anuradha Kapur’s 'Virasat' revisits Mahesh Elkunchwar’s celebrated Wada trilogy with a production that is both intimate and unsparing. The staging turns a family’s inherited decay into a broader meditation on the cost of clinging to a dying past, while questioning the assumption that modernity automatically means progress.

5 min readRead →
Banking, Fintech & InsuranceJust now (01:56 AM IST)

Axis Bank Prepares Major Customer-Connect Drive for World Tourism Day

Axis Bank is preparing to launch a large-scale customer engagement initiative across India to mark World Tourism Day, with a particular focus on Goa’s tourism and hospitality ecosystem. The campaign is expected to reach more than 5,000 customers and recognise about 1,000 entrepreneurs, underscoring the bank’s effort to deepen relationships in a sector central to India’s domestic consumption story.

5 min readRead →
Startups & Venture CapitalJust now (10:46 PM IST)

Five Books That Can Help Build Consistency, Discipline and Lasting Habits

For founders, operators and ambitious professionals, consistency is often the difference between momentum and stagnation. A new reading list highlights five influential books that offer practical frameworks for habit formation, discipline and steady execution in fast-moving startup environments.

5 min readRead →

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