The FinTech Department, Central Office, RBI, will provide secretarial support to the Committee.
FinTech BizNews Service
Mumbai, 25 May 2026: Quantum Technology represents a paradigm shift compared with traditional systems as it leverages the principles of quantum mechanics, such as superposition and entanglement. This enables quantum systems to address complex financial problems such as portfolio optimisation, risk assessment, macroeconomic modelling, etc. However, quantum technologies can also introduce significant risks, particularly the potential to undermine certain existing cryptographic standards.
2. To examine the related issues, it has been decided to constitute an Expert Committee for a Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) with the following members:
Sl. No. | Name | Role |
i) | Dr. Anil Prabhakar, Professor, Department of Electrical Engineering, IIT Madras | Convener |
ii) | Shri Sunil Kumar, Additional Secretary, Department of Science & Technology (DST), Government of India | Member |
iii) | Shri Satish Rao Nagesh, Deputy Managing Director, State Bank of India (SBI) | Member |
iv) | Shri Dilip Asbe, MD and CEO, National Payments Corporation of India (NPCI) | Member |
v) | Shri Manoj Kumar Jain, Scientist-G and Group Coordinator, Ministry of Electronics and Information Technology (MeitY), Government of India | Member |
vi) | Shri Vinayak Godse, CEO, Data Security Council of India (DSCI) | Member |
vii) | Dr. L Venkata Subramaniam, Quantum India Servant Leader, ex-IBM Quantum India Head | Member |
viii) | Shri Suvendu Pati, CGM, FinTech Department, Reserve Bank of India (RBI) | Member-Secretary |
3. The FinTech Department, Central Office, RBI, will provide secretarial support to the Committee. The Committee may also invite domain experts, industry representatives, RBI departments and other stakeholders, as may be required, for consultation and participation in its deliberations.
4. The Terms of Reference of the Committee are:
5. The Committee will submit its report within six months from the date of its first meeting.
