India, Oct. 24 -- The Central Bank of India has approached the Maharashtra Nodal Cyber Police after allegedly losing Rs.13.96 crore in 187 unauthorised transactions involving 36 bank accounts. The fraud occurred after unknown individuals gained access to the Central SFMS server of Indian Financial Technology and Allied Services (IFTAS), a wholly owned subsidiary of the Reserve Bank of India (RBI), through the bank's core banking system.

According to Maharashtra Nodal Cyber Police, a case has been registered based on a complaint filed by Bhaskar Gorugantu, 53, General Manager (Treasury) at the Central Bank of India.

The bank reported unauthorised transfers totalling Rs.13.96 crore, which were routed through the settlement account maintai...