India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential.

The move is intended to support local financial companies and counter the current global cloud service providers’ dominance.

The Reserve Bank of India is set to launch a local cloud storage pilot in 2025, challenging global providers like AWS and Google. This initiative aims to support smaller financial firms with cost-effective solutions.

This development will place the RBI in direct competition with other service providers like Microsoft Azure, Amazon Web Services, IBM Cloud, and Google Cloud

Indian central bank is planning to launch cloud services in 2025 to counter foreign cloud businesses like AWS and Microsoft Azure.

The Reserve Bank of India is launching a pilot program in 2025 to offer affordable data storage to financial institutions. This cloud platform, utilizing local IT firms, aims to provide a cost-effective alternative to foreign-dominated services and will be expanded in phases,