Indian banks, payments systems unaffected by Microsoft outage: ‘We are all fine’

Indian banks and payments systems were unaffected by the Microsoft outage, which has impacted financial services players worldwide.

“We are all fine,” SBI Chairman Dinesh Kumar Khara told PTI when asked about the impact of the outage on the operations at the country’s largest lender which commands nearly 25 per cent market share.

National Payments Corporation of India (NPCI) chief executive Dilip Asbe said the country’s payments architecture, including the widely popular Unified Payments Interface, has been unaffected.