Wednesday, December 11, 2024
spot_img

Minor disruptions only in 10 Indian banks due to Microsoft global outage, says RBI

Date:

Share post:

spot_img
spot_img

Shillong, July 19: The Reserve Bank of India (RBI) on Friday clarified that only 10 banks and non-banking finance companies in the country had minor disruptions due to the large-scale outage in Microsoft services.

 

“Critical systems of most banks are not in the cloud and further, only a few banks are using the CrowdStrike tool. Our assessment shows that only 10 banks and NBFCs had minor disruptions which have either been resolved or are being resolved,” the RBI said in a press release.

 

Overall, the Indian financial sector in the Reserve Bank’s domain remains insulated from the global outage, it added.

 

Large-scale outage in Microsoft services impacted IT systems globally leading to disruptions in various sectors. The Reserve Bank has made an assessment of the impact of this outage on its regulated entities, it added.

 

The RBI also said that it has issued an advisory to its regulated entities (banks, NBFCs, housing finance companies etc) to take necessary steps to remain alert and ensure operational resilience and continuity. The collapse of Microsoft services worldwide had led to major global systems outages on an unprecedented scale, disrupting airline operations, stock markets, some media broadcast operations and payment gateways across the globe. (IANS)

spot_img
spot_img

Related articles

Ampati Govt School wins science exhibition

TURA, Dec 10: Eight schools from across South West Garo Hills district participated in the District Level Science,...

Villagers attack police vehicle to save timber smugglers in WGH

Rajabala, Dec 10: A police vehicle, which had got into a chase against a vehicle carrying illegal timber,...

MHRC marks year of Universal Declaration of Human Rights

Shillong, Dec 10: The Meghalaya Human Rights Commission (MHRC) on Tuesday celebrated the 76th year of the Universal...

CM announces expansion of Weiloi-Mawkyrwat road

Mawkyrwat, Dec 10: Chief Minister Conrad K Sangma announced the expansion of the much-awaited Weiloi-Mawkyrwat road at Rs...