Incident Details
The company detected unauthorized RTGS/electronic banking transactions from two Current Accounts maintained with Yes Bank (South Extension II Branch, New Delhi). A total of 15 unauthorized debit transactions were executed without company knowledge or authorization through the bank's payment API, aggregating to ₹5,10,00,000 (Rupees Five Crore Ten Lakh Only).
Immediate Response Actions
Upon detection, the company immediately initiated its incident response protocol, isolated the affected systems, and took steps to freeze the beneficiary accounts and recover the funds.
Regulatory Reporting
The matter has been reported to:
- Cyber Crime Cell
- Reserve Bank of India
- CERT-In
The company is in the process of reporting it to police authorities and has initiated an investigation including the appointment of an independent investigating agency.
Operational Impact
The company's core business operations, customer data, and day-to-day functioning remain unaffected by this incident.
Ongoing Actions
The company is taking all necessary steps to recover the amount and to further strengthen its information security controls.
Additional Information
This disclosure has been made available on the company's website at www.sgfinserve.com.
The disclosure was signed by Ankit Sharma, Company Secretary and Compliance Officer, on November 03, 2026 at 17:54:17.
#SG Finserve #SEBIDisclosure #RegulatoryCompliance #CyberFraud #Negative