RBI cites Windows outage to flag single vendor risks – Times of India
MUMBAI: RBI‘s deputy governor M Rajeshwar Rao cited last week’s global Windows outage to highlight the risks of outsourcing and relying on a single vendor for critical services. He also pulled up lenders for partnering digital platforms that do not provide redressal mechanism. “Last Friday’s (incident) essentially reflects the kind of risks which I’m talking…