Bank of India and C-DAC Partner on Quantum, AI, and Blockchain Banking

The Centre for Development of Advanced Computing (C-DAC) and Bank of India signed a Memorandum of Understanding on Oct 22, 2026. The agreement covers joint work on quantum technology, artificial intelligence, blockchain, and cybersecurity for financial services. Under the MoU, the two organisations will pursue research, technology demonstrations, pilot implementations, and capacity-building programmes.

C-DAC is an autonomous scientific society under India's Ministry of Electronics and Information Technology. A core objective is developing quantum-inspired and quantum-safe technologies to prepare banking systems for future security challenges. The partnership aims to convert technology research into practical solutions for the banking sector.

Financial terms were not disclosed.