News
Central Bank Of India Reports ₹13.96 Crore Fraud Involving RBI Settlement Account, 187 Unauthorised Transactions
Maharashtra Nodal Cyber Police have registered a case after ₹13.96 crore was allegedly transferred through 187 unauthorised transactions from Central Bank of India’s RBI settlement account between October 15 and 17. The transfers reached accounts across 36 banks, while investigators examine suspected system access and trace beneficiary accounts.
Explanation in simple terms
- What:
- A large amount of money was stolen from a settlement account through many unauthorized banking transactions.
- Who:
- Central Bank of India is the victim bank, while the unknown persons are the suspects under investigation.
- When:
- Reported on 24 Oct 2026.
- Where:
- Maharashtra Nodal Cyber Police, Maharashtra.
- Why:
- The bank reported that unauthorized access led to a significant financial loss involving many separate transactions.
- What it means:
- The police are now investigating these reported transactions to identify the people responsible for the fraud.
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