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Banking3 days ago

Probe asks whether RBI payment system was breached

The Probe asks whether the RBI's payment backbone was breached in a Central Bank of India fraud. The headline raises the question but does not give a confirmed answer.

ContextThe Reserve Bank of India is India's central bank and runs key payment infrastructure, while Central Bank of India is a separate state-owned commercial bank. Fraud investigations at banks often focus on whether any systems were compromised.

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