DATA OUTAGE

HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months

The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Based on the satisfact...

Messaging app Signal faces global outage days after adding millions of users

Cross-platform messaging app Signal faced a global outage on Friday, just days after it was downloaded by millions of new users. Users acro...

Data privacy no more about nerds, everyone's talking about it: Signal co-founder Brian Acton

Brian Acton, co-founder of WhatsApp, left Facebook in 2017 and in 2018 co-founded Signal which is now being considered the gold standard of...

Not a tangled web we must weave, RBI tells banks & their proxies

Customer protection and complaints resolution become key policy action items for the central bank as frequent service outages at top lender...

RBI to strengthen supervisory standards in the light of recent outages at HDFC Bank, SBI Yono

Earlier episodes, overwhelming presence in digital payments prompted drastic measures on HDFC Bank, says RBI governor Shaktikanta Das. A ce...

RBI pulls up HDFC over outages, tells bank to halt all digital launches, new credit cards

The regulator has sought an explanation from HDFC Bank about an interruption in digital services on November 21. This is the third disrupti...

HDFC Bank's problems may be linked to growing too fast

HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. It is also one of the largest banks with re...

After RBI action on outages, HDFC Bank CEO steps in to allay customer fears

RBI on Thursday asked HDFC Bank to temporarily halt new digital offerings and stop sourcing credit card customers.

Restrictions on HDFC Bank after outage: What RBI's order means, and likely impact on customers

The RBI order comes after another recent major outage, the third such instance in a span of two years, at HDFC Bank which is the country's ...

HDFC Bank outage: RBI seeks details

The regulator has sought details behind the data centre outage that meant services on the Unified Payments Interface (UPI), ATMs and card c...

Operation of some banks temporarily halted due to power issue at data centre on Saturday

Power was later restored and banking services were functioning normally, sources said. According to sources, banking operations are now up ...

Australia stock market trading paused on market data issue

ASX Ltd and its technology provider Nasdaq have identified the cause of the problem and will fix it overnight so the market can re-open at ...

Tata Power says supporting central team’s probe into large-scale power outage in Mumbai

After the large-scale power outage in the financial capital of the country, Maharashtra chief minister Uddhav Thackeray ordered an enquiry ...

Vodafone Idea suffers network outage, trends on Twitter

Vodafone Idea's service was disrupted in parts of Maharashtra after a key site in Pune went down due to heavy rains. Irate customers posted...

Bond trading volumes plunge on Mumbai power outage

The Maximum City plunged into darkness at high noon on Monday, the tripped power lines stalling railroads, shutting down the web, and furth...

Asian markets mixed in early trade, Tokyo edges up after trading outage

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.11%. Australia's benchmark S&P/ASX 200 index fell 0.86% as a decline ...

For oil explorers, data is indeed the new oil

In 2017, the government launched the National Data Repository, which holds data on the country’s sedimentary basins. The repository has boo...