Net banking restored at private banks, RBI says nothing to worry about

Internet banking services of major private banks — Yes Bank, HDFC Bank, Kotak Mahindra Bank and IDFC First Bank — which faced heavy disruption on Tuesday have been restored.

Thousands of customers of these private sector banks complained on Tuesday that their online transactions failed despite multiple attempts. Unfortunately, the widespread disruption came at a time when there is already panic among customers due to the recent suspension of PMC Bank's operations by the Reserve Bank of India.

Disruption in net banking, which was reported for 6 to 7 hours yesterday, further added to the panic among customers, with rumours spreading on social media that this was an alarming situation.