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 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.

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,