No silver lining to RBI's cloud

There is no evidence to suggest that a state-run cloud server business would do a better job, with at least two reports of UPI-related data leaks having emerged in the last two years

The Reserve Bank of India’s (RBI) recent proposal to enter the cloud computing business raises important questions about the role of a developing country’s central bank. Should central banks be in the business of running a complex and resource-intensive information technology (IT) business? What does the Indian experience of the RBI running several IT businesses tell us? Finally, what problem will the RBI-provided server business solve that is not already solved? In short, as a former RBI governor has argued, in a different context, why fix what ain’t broken.

A basic Google search will reveal that cloud storage and computing