Hindustantimes PM Modi Highlights Cybersecurity Threats to India's Banking System
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- •PM Modi inaugurated RBI's data centre and Cybersecurity Training Institute in Bhubaneswar.
- •He warned that modern warfare includes economic attacks via cyber threats.
- •Over half of India's population was excluded from banking until 2014, according to Modi.
On October 25, 2026, Prime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Training Institute in Bhubaneswar. He emphasized that modern warfare extends beyond traditional weapons, highlighting the need to protect financial institutions from cybercriminals and cyberterrorists. Modi stated that as India's economy grows, safeguarding the banking system is essential. He criticized past Congress governments for limiting banking access to select groups, leaving over half the population outside the banking ecosystem until 2014. The Prime Minister called for modern infrastructure and a skilled workforce to tackle evolving cyber threats. The new facilities aim to enhance the security and resilience of India's banking infrastructure.
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