Videos of the plight of PMC Bank victims went viral, creating panic -- further exacerbated by failed online transactions at private banks such as Yes Bank, HDFC Bank, Kotak Mahindra Bank and IDFC First Bank. Bank users kept reporting that they were unable to pay rent, school fees and other dues on the first of the month.

from Times of India https://timesofindia.indiatimes.com/business/india-business/rumours-fly-as-online-bank-transactions-fail/articleshow/71401412.cms