Central Bank of India resumes RTGS services after Rs 13.9 crore fraud

Central Bank of India (CBI) has resumed RTGS transactions and clarified that no customer account was impacted by the technical issue that occurred in the RTGS server.

“We wish to clarify that there was a technical issue observed in the interface environment of localised RTGS server maintained at Bank’s end and no customer account is impacted. Also Our CBS System remains entirely secure and safe,” the public sector bank said in its statement.

Rs 13.9 crore was siphoned off from the settlement account of Central Bank of India maintained with the Reserve Bank of India , through multiple transfers between October 15 to October 17.

The bank reported that it was unaware of how the transfers had happened and the Mumbai police could only partially trace a few transfers. Subsequently, the bank announced that RTGS payment services would be temporarily unavailable.

In the recent statement, the bank clarified that the RTGS payment had resumed across all channels.

Also Read: Rs 13.97 Crore stolen from Central Bank of India’s settlement account with RBI

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