{"url":"https://newsforagent.com/news/2026-10-24/central-bank-india-unauthorised-transfers-fir","markdown_url":"https://newsforagent.com/news/2026-10-24/central-bank-india-unauthorised-transfers-fir.md","title":"Central Bank of India Flags Rs 13.97 Crore Unauthorised Transfers","headline":"Central Bank of India Reports 187 Unauthorised Transfers Worth Rs 13.97 Crore, FIR Registered in Mumbai","description":"Central Bank of India reported 187 unauthorised transfers worth Rs 13.97 crore from its RBI settlement account, prompting Mumbai Police to register an FIR.","section":"Incidents","published_at":"2026-10-24T13:40:21+00:00","modified_at":"2026-10-24T13:40:21+00:00","author":"News Desk","key_takeaways":["Central Bank of India reported 187 unauthorised transfers worth Rs 13.97 crore from its settlement account with the Reserve Bank of India.","The transfers were routed to 36 bank accounts between October 15 and October 17, 2026, and the bank could not trace them through its channels.","Mumbai's Nodal Cyber Police Station registered an FIR against unknown persons for cheating and personation."],"companies":[{"name":"Central Bank of India","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00068in/central-bank-of-india","website":"https://www.centralbankofindia.co.in/site/indexcbi.aspx"},{"name":"Reserve Bank of India","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0002r7w/reserve-bank-of-india","website":"http://rbi.org.in"}],"source":{"publisher":"NDTV Profit","title":"Central Bank of India Flags Rs 13.97 Crore Unauthorised Transactions, FIR Lodged","url":"https://www.ndtvprofit.com/business/central-bank-of-india-flags-rs-13-97-crore-unauthorised-transactions-fir-lodged-12230379"},"other_sources":[],"tags":["Incidents","Central Bank of India","Reserve Bank of India"],"body_markdown":"[Central Bank of India](https://akta.pro/company-profiles/00068in/central-bank-of-india) has reported 187 unauthorised transfers worth Rs 13.97 crore from its settlement account with the [Reserve Bank of India](https://akta.pro/company-profiles/0002r7w/reserve-bank-of-india), and Mumbai Police have registered a first information report against unknown persons. [NDTV Profit](https://www.ndtvprofit.com/business/central-bank-of-india-flags-rs-13-97-crore-unauthorised-transactions-fir-lodged-12230379) reported that the transfers were routed to 36 bank accounts between October 15 and October 17, 2026.\n\n## How the Central Bank of India Transfers Were Executed\n\nThe bank's complaint states that unidentified persons gained unauthorised access to the central Structured Financial Messaging System server of Indian Financial Technology and Allied Services, a wholly owned subsidiary of the RBI, and diverted funds from its account with the central bank. The FIR was registered at Mumbai's Nodal Cyber Police Station following a complaint by the bank's general manager (treasury).\n\nThe complaint details six transfers on October 15, followed by 88 on October 16 and another 93 on October 17. The bank's internal team could not trace any of the 187 transactions through its branches, internet or mobile banking channels, or any other banking channel, according to the complaint. The transfers were also missing from its core banking system, RTGS settlement account and SFMS server. Partial traces of 10 accounts were found in SFMS database logs, but the corresponding transaction IDs were absent from the bank's records. The accounts identified as payers in the transactions did not belong to Central Bank of India.\n\nHindustan Times, citing a police official, said investigators had limited information about the transactions, making it difficult to establish how the funds were siphoned off. The SFMS facilitates the exchange of financial messages between banks for payments processed through the RBI's Real Time Gross Settlement and National Electronic Funds Transfer systems. The Reserve Bank of India, founded in 1935, is India's central bank, responsible for monetary policy, currency issuance, and financial supervision, according to Wikipedia.\n\nCentral Bank of India said it had promptly alerted the RBI, Iftas, the Daksh portal, the National Critical Information Infrastructure Protection Centre and the Indian Computer Emergency Response Team. The police have registered a case involving cheating and personation against unknown persons.\n\n## Central Bank of India's Recent Business Moves\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Central Bank of India's shareholders approved a special resolution authorizing the bank to raise equity capital of up to ₹7,000 crore through Qualified Institutional Placement, Follow-on Public Offer, or Rights Issue in June 2026. The Indian government divested an 8% stake in the bank through an Offer for Sale at Rs 31 per share in May 2026, generating approximately Rs 2,456 crore and reducing its holding from 89.27% to 81.27%. The bank opened its International Financial Services Centre Banking Unit at GIFT City in Gujarat in June 2026 to serve corporate clients' foreign currency funding needs.\n\n## Earlier Central Bank of India Incidents\n\nOn October 19, 2026, police registered an FIR against a former Central Bank of India branch manager and five others for allegedly misappropriating ₹23.09 lakh deposited by customers through a customer service centre in Deoria, The Times of India reported. The same day, The Times of India reported that the bank had reported a technical glitch in its RTGS outward system, initiating response measures and engaging experts, with no customer suffering financial loss and the root cause under examination. On October 17, 2026, The Times of India reported that the bank's net profit rose 21% in Q2 FY26, with net interest income up 26% to Rs 4,146 crore.\n\n## What Happens Next in the Investigation\n\nThe investigation is expected to establish how the transfers were executed and identify those responsible, according to the bank's complaint.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}