RBI launching cloud service to rival AWS, Azure in 2025
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The Reserve Bank of India (RBI) is gearing up to launch a one-of-a-kind cloud platform in 2025. The initiative, a first for any major global central bank, will utilize local IT companies. The move puts RBI in competition against international tech giants like Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and IBM Cloud. The project was first announced by RBI Governor Shaktikanta Das in December last year.