Central Bank of India detected a technical glitch in its RTGS outward payment system between October 15 and October 17, prompting the lender to shut down and isolate the affected systems while investigating the cause. According to reports from The Economic Times, the bank initiated necessary response measures immediately after becoming aware of the incident and has engaged leading experts to assist with the investigation. The bank issued a regulatory disclosure stating that "The matter is being analysed to ascertain the root cause, and necessary corrective measures are being undertaken."
The bank confirmed that no customer suffered any financial loss on account of the incident, as reported by The Economic Times. Central Bank added that the matter is being analysed to ascertain the root cause, and necessary corrective measures are being undertaken. The lender has not attributed the disruption to a cyberattack and said the root cause is still under examination.
The disruption comes days after CERT-In warned that attackers were increasingly using AI-assisted and agentic tools to accelerate reconnaissance, exploitation and financial attacks, including by targeting exposed credentials, dormant APIs and weak access controls at Indian organisations. As reported by The Economic Times, CERT-In and CSIRT-Fin had also recently issued a critical advisory on cyberattack campaigns targeting financial institutions through payment and disbursement APIs, with attackers compromising internet-facing applications and partner-bank or payment credentials in some cases to initiate unauthorised fund transfers. The cybersecurity agency noted that such tools could enable attacks to be carried out faster and at greater scale than conventional methods.
