INDIA LIVE DESKNIFTY 50:23,140.50(+0.34%)SENSEX:73,895.74(+0.43%)
RDU Global
🇮🇳
Back to India Desk
2026/11/01Banking, Fintech & InsuranceEnterprise Tech, Cloud & AI
🇮🇳 India Edition • Banking, Fintech & InsuranceRDU GLOBAL CORRESPONDENT
VERIFIED WIRE INTELLIGENCE

"PM Modi to Inaugurate RBI Data Centre in Bhubaneswar, Boosting Financial Security and Digital Infrastructure"

Prime Minister Narendra Modi is scheduled to inaugurate the Reserve Bank of India’s new data centre and Cybersecurity Training Institute in Jatni, near Bhubaneswar, on Sunday. The facility is expected to strengthen payment and settlement systems, reinforce cyber resilience in the financial sector, and add momentum to Odisha’s digital infrastructure push.

PM Modi to Inaugurate RBI Data Centre in Bhubaneswar, Boosting Financial Security and Digital Infrastructure

R

RDU Global Wire

BFSI & Fintech Desk

New Delhi, India 01 Nov 2026, 05:00 PM IST•4 min read

Prime Minister Narendra Modi is scheduled to inaugurate the Reserve Bank of India’s new data centre and Cybersecurity Training Institute in Jatni, near Bhubaneswar, on Sunday. The facility is expected to strengthen payment and settlement systems, reinforce cyber resilience in the financial sector, and add momentum to Odisha’s digital infrastructure push.

Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute in Jatni on Sunday, in a move that underscores the growing strategic importance of digital infrastructure to India's financial system. The facility, located near Bhubaneswar, is designed to support critical payment and settlement operations while also serving as a training hub for cyber defence capabilities in banking and finance.

The inauguration comes at a time when India's financial architecture is becoming increasingly dependent on resilient digital systems. As digital payments expand and transaction volumes rise, the need for secure, redundant and technologically advanced back-end infrastructure has become central to the stability of the banking ecosystem. The RBI's new facility is intended to address that need by strengthening operational continuity and improving the sector's ability to withstand cyber threats.

Digital Backbone

The data centre is expected to function as a key support node for payment and settlement operations, which are among the most sensitive functions in the financial system. Any disruption in these processes can have immediate consequences for banks, businesses and consumers. By placing a modern facility in Odisha, the RBI is not only expanding its infrastructure footprint but also diversifying the geographic spread of critical financial assets.

The accompanying Cybersecurity Training Institute adds another layer of significance. Financial institutions are facing a rising volume of sophisticated cyber risks, including phishing, ransomware and attacks on digital payment rails. A dedicated training institute suggests a stronger institutional focus on preparedness, simulation and workforce capability, all of which are increasingly essential in an environment where cyber resilience is now a core part of financial stability.

For Odisha, the project carries symbolic and practical value. The state has been seeking to position itself as a credible destination for digital investment and public infrastructure upgrades. A high-profile RBI facility in Jatni, near the state capital, could help reinforce that narrative while creating spillover benefits for the local economy, technology ecosystem and institutional profile.

Security And Logistics

The visit is also being managed as a major security event. Authorities have deployed 2,100 police personnel and put traffic regulations in place to ensure smooth movement during the Prime Minister's programme. Such arrangements reflect both the scale of the event and the sensitivity attached to a visit involving the head of government and a central banking institution.

Modi's trip marks his ninth visit to Odisha since 2024, highlighting the state's continued prominence in the Centre's political and development agenda. Repeated high-level visits often signal a mix of administrative attention, political outreach and project monitoring, particularly in states where infrastructure and industrial expansion remain central policy priorities.

The RBI's decision to establish a major data centre and cybersecurity training facility in Odisha also fits into a broader national pattern. Across sectors, India is investing heavily in digital public infrastructure, secure data systems and institutional capacity to support a more technology-driven economy. In banking, where trust and uptime are paramount, such investments are no longer optional extras but foundational requirements.

Sunday's inauguration is therefore more than a ceremonial event. It represents a convergence of financial security, digital capacity-building and regional development. For the RBI, it adds a critical layer to its operational resilience. For Odisha, it offers a high-visibility endorsement of its role in India's expanding digital economy. And for the broader financial sector, it is another sign that cybersecurity and infrastructure redundancy are becoming central to the country's economic architecture.

Editorial & Verification Notice

Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.

Entity Intelligence & Connected Dossiers

Cross-referenced topic files, verified public records, and institutional tracking

Knowledge Graph
👤People & Leaders:
🏢Companies & Institutions:
📍Locations & Geopolitics:

Related Coverage

Banking, Fintech & Insurance

India’s Listed New-Age Tech Champions Scale Up as Market Caps, Revenues Reprice the Sector

India’s listed new-age technology companies have moved from speculative listings to a more mature phase defined by revenue growth, profitability discipline and market-cap repricing. A long-running tracker of the sector shows how public-market investors are now rewarding execution over narrative, even as valuations remain uneven across consumer internet, fintech and software-led businesses.

01 Nov 2026, 05:00 PM IST
Banking, Fintech & Insurance

Lulu Group Loses Rs 1.64 Crore in Email Fraud After Impersonators Pose as Italian Supplier

Kochi City Police have registered a case and begun investigating an alleged email impersonation fraud that cost Lulu Group about Rs 1.64 crore. According to the FIR, unidentified persons posed as representatives of an Italian company, sent fake invoices and bank details for gaming equipment payments, and induced the retail major to transfer 150,500 euros to accounts they controlled.

01 Nov 2026, 05:00 PM IST
Banking, Fintech & Insurance

Prem Watsa Says Fairfax Is Backing India’s Next Decade of Growth Through IDBI Bank

Fairfax Financial chairman Prem Watsa said the group is positioning itself to benefit from India’s long-term economic expansion, underscoring its major stake in IDBI Bank as a strategic bet on the country’s growth story. Watsa expressed confidence in the lender’s recovery after years of stress, while stressing that fiscal discipline and employee welfare will remain central to the turnaround.

01 Nov 2026, 05:00 PM IST