Indian banks reportedly directed to develop sector-wide quantum strategy and AI resilience framework

The Economic Times, citing people familiar with the matter, reports that India's government directed banks to develop a sector-wide quantum transition and adoption strategy alongside an AI resilience framework. An unnamed executive said a working group under the State Bank of India chairman is examining the issue. An unnamed official said the finance ministry also asked banks to begin mitigation measures. Industry concerns include attackers storing encrypted banking data for future quantum decryption.