10 Indian banks face minor disruptions due to a global Microsoft outage, but RBI states Indian financial sector largely unaffected.

10 banks and NBFCs in India experienced minor disruptions due to a global Microsoft outage, but these have either been resolved or are being addressed, according to the Reserve Bank of India (RBI). Critical systems of most banks are not in the cloud, and only a few banks are using the CrowdStrike tool for cybersecurity. The RBI said the Indian financial sector remains largely unaffected overall.