RBI asks banks and payment cos to submit status update on Microsoft outage
banks whether their customer-facing channels- branches, ATM, mobile banking and net banking — were operating well after technical problem at the US tech giant Microsoft and its vendor American cyber security company Crowdstrike, led to a global tech outage.
The banking regulator has made similar enquiries with payment aggregators, they added. The banking regulator has asked banks and payment aggregators to update them on the impact of the outage.
Most banks and payment companies told ET that their services were not affected. Speaking to a wire agency, Dinesh Khara indicated that their systems were not affected. «We are all fine,” he told the wire agency.
HDFC Bank confirmed that its systems are unaffected by the global outage.
“There is no impact on banking operations,” said Ramesh Lakshminarayan, CIO & Group Head – IT, HDFC Bank.
Another banking official said that the Reserve Bank had asked them to make sure that all ecosystem participants including their subsidiaries were operating fine.
“RBI has asked us to submit a status update on the global outage, Payments Council of India (PCI) is compiling our response and submitting it,” an official at a payments company said.
Money market operations
Trade in government bonds was largely unaffected, with the dealing system housed on the Clearing Corporation of India Limited regularly updating transactions in government securities.
The RBIs Negotiated Dealing System — Order Matching (NDS-OM), which is the platform for government bond trade, is housed on the CCIL.
