Central Bank of India says accounts safe after RTGS issue
In short
Central Bank of India said its customers’ accounts are safe after reports of 187 unauthorised transactions worth Rs 13.97 crore. The bank said the problem was a technical issue with its RTGS server, and services have now been restored.
This matters because customers want to know whether their money is secure and whether payments will work normally. The reporting does not say who made the transactions or whether any losses remain unresolved.
What the reporting says
Central Bank of India said all accounts are safe after reports of 187 unauthorised transactions worth Rs 13.97 crore, according to the publisher-supplied summary. The bank said a technical issue with its RTGS server did not compromise account safety, and RTGS services have since been restored. The affected transactions reportedly involved 36 separate accounts, but further details are not stated.
Why it matters
Central Bank of India issued a clarification after reports of 187 unauthorised transactions worth Rs 13.97 crore across 36 accounts. The bank said a technical issue with its RTGS server did not compromise account safety and that RTGS services have been restored. The immediate issue is customer confidence and payment continuity, but the reporting does not state whether any compensation, investigation result or loss allocation has been announced.