Central Bank of India Reports Rs 13.97 Crore Fraud
The bank says 187 transfers left its RBI settlement account and could not be traced in its own systems.
Key Takeaways
- 187 unauthorised transfers worth Rs 13.97 crore left the bank's RBI settlement account
- The transfers took place between October 15 and October 17, 2026
- The bank could not find them in its branches, digital channels or core banking system
- A case is registered at the Nodal Cyber Police Station in Mumbai against unknown persons
- The bank says no customer account was impacted and RTGS services have resumed
Central Bank of India has reported that 187 unauthorised transfers worth Rs 13.97 crore left its settlement account with the Reserve Bank of India (RBI) between October 15 and October 17, 2026. The bank's general manager for treasury filed a complaint, and a case has been registered at the Nodal Cyber Police Station in Mumbai against unknown persons for cheating and personation.
The bank's internal team could not find any of the 187 transfers in its branches, internet banking, mobile banking, core banking system, RTGS settlement records or its own SFMS server. The complaint alleges that unknown persons reached a central messaging server run by Indian Financial Technology and Allied Services (IFTAS) through the bank's server. The investigation is still under way.
Central Bank of India's Rs 13.97 crore fraud case at a glance
| Detail | Value |
|---|---|
| Bank | Central Bank of India |
| Amount | Rs 13.97 crore |
| Number of transfers | 187 unauthorised transfers |
| Dates | October 15 to October 17, 2026 |
| Transfers by day | 6 on October 15, 88 on October 16, 93 on October 17 |
| Account affected | The bank's settlement account with the RBI |
| Recipients | 36 |
| Complaint filed by | The bank's general manager (treasury) |
| Police case | Nodal Cyber Police Station, Mumbai, against unknown persons, for cheating and personation |
| Agencies informed | RBI, IFTAS, the Daksh portal, NCIIPC and CERT-In |
How SFMS payment messages normally move, and what the bank could not trace
SFMS is the Structured Financial Messaging System. Banks use it to send the messages behind RTGS and NEFT payments. IFTAS, a subsidiary of the RBI, runs the central SFMS server.
Investigators found partial traces linked to 10 accounts in SFMS database logs, but the matching transaction ID numbers were missing from the bank's own records. The accounts listed as the source of the payments did not belong to Central Bank of India.
What Central Bank of India says about customers and RTGS services
The bank has said that no customer account was impacted and that its core banking system remains secure. It has also said that RTGS services have resumed for customers across all channels. The bank described a technical issue in the interface environment of its local RTGS server.
What police have said so far
Police are investigating, and the case is against unknown persons. Police sources quoted in reports said limited information is available on the trail of the money.
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Frequently Asked Questions
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