RBI is going all-in on AI

Dynacons Systems and Solutions has secured a ₹125.88 crore contract from Central Bank of India to upgrade the bank's core technology infrastructure.

What is happening: The project involves expanding the bank's private cloud infrastructure and setting up advanced computing systems powered by NVIDIA H200 Blackwell GPUs.

These are high-performance chips widely used to run AI applications and process large amounts of data quickly.

Why does it matter: the new platform will help the bank analyse data faster, run AI-powered services, improve digital operations, and support future banking needs. It is also designed to be secure, scalable, and capable of handling growing workloads.

Dynacons will not only build the system but also provide maintenance, upgrades, and technical support throughout the contract period.

The bigger picture: the order is part of Central Bank of India's broader effort to modernise its technology infrastructure and prepare for AI-powered banking. It also adds to Dynacons' growing order book. 

In May, the company secured a much larger ₹750.82 crore contract from the Reserve Bank of India (RBI) to build and manage private cloud infrastructure for the central bank's next-generation data centre.