The RBI on Friday said the outage in Microsoft Services impacted 10 banks and NBFCs with minor disruptions which have either been resolved or are being resolved.
A widespread Microsoft outage disrupted flights, banks, media outlets and companies around the world on Friday. Escalating disruptions continued hours after the technology company said it was gradually fixing an issue affecting access to Microsoft 365 apps and services.
The large-scale outage in Microsoft Services is impacting IT systems globally leading to disruptions in various sectors.
The Reserve Bank said it has made an assessment of the impact of this outage on its regulated entities.
"Critical systems of most banks are not in 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," RBI said in a statement.
Overall, it said the Indian financial sector in the Reserve Bank's domain remains insulated from the global outage.
The Reserve Bank has also issued an advisory to its regulated entities for taking necessary steps to remain alert and ensure operational resilience and continuity.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Russia's Firing Of ICBM On Ukraine Is Weapon's 1st Combat Use In History
1,100 Flights Cancelled In US As Microsoft Outage Disrupts Operations Indian Financial Systems Remain Largely Unaffected From Microsoft Outage Amazon Employee Greets Friend At Wedding, Dies Of Cardiac Arrest "Speculative, Inaccurate": Canada Factchecks Own Media, Backtracks After India's Stinker Indian Student In US Accidentally Shoots Himself Dead While Celebrating Birthday Chimps Are Upping Their Tool Game. Why It Holds Relevance For Humans Nutritionist Reveals How High-AGEs Diets Are Fuelling Diabetes "This Is Worth...": Ex-Zomato Employee On Deepinder Goyal's Job Offer Track Latest News Live on NDTV.com and get news updates from India and around the world.