What is YES Bank and Rs 32 Crore Cyber Fraud Controversy

YES Bank has strongly denied media reports claiming that it suffered a cyber fraud loss of approximately $3.4 million (around ₹32 crore) involving government accounts. The private sector bank clarified that its banking systems had not been compromised, no government accounts had been affected and it had not suffered any financial loss in connection with the alleged incident.

Media reports alleged a cyberattack involving government-linked bank accounts in October 2026. The incident reportedly raised concerns about the safety of government funds held in banks.

What Did YES Bank Say?

In its clarification issued on November 13, YES Bank described the claims made in the report as factually incorrect. The bank stated that its systems remained secure and that no government accounts had been impacted by the alleged incident. The bank also categorically denied suffering any monetary loss of approximately ₹32 crore or any other financial loss related to the reported incident.

YES Bank Seeks Retraction of the Report

YES Bank said it had taken up the matter with the media organisation and highlighted what it described as factual inaccuracies in the published report. The bank also requested the publication to withdraw the report. The lender expressed concern that publishing incorrect information could damage its reputation and create unnecessary concerns among customers, investors and other stakeholders. In its statement, YES Bank reiterated its commitment to maintaining banking security, operational integrity and customer trust.

Also Read: Exim Bank Vacancy Out for Management Trainee & Manager Posts

Key Details at a Glance

Also Read: Robbery Attempt in PNB ATM in Bihar, Man Damaged the Entire ATM