Congress demands SBI chief’s resignation after debit cards security breach

Demanding an inquiry into the matter, party spokesman Tom Vadakkan expressed concern, saying that as many as 70 lakh cards have been affected in the "massive data breach" which is one of the "biggest scams".

By: PTI | New Delhi | Published:October 23, 2016 9:25 pm
congress, state bank of india, sbi, SBI debit cards, SBI debit cards fraud, arundhati bhattacharya, SBI chief, SBI chief resignation, arundhati bhattacharya resignation, business news, indian express Arundhati Bhattacharya, Chairman, SBI (Source: File/Express Photo By Ganesh Shirsekar)

Amid reports of widespread debit cards security breach, Congress on Sunday demanded resignation of Chairperson of the State Bank of India (SBI) Arundhati Bhattacharya, alleging that the largest public sector bank was the “mothership” in the scam in which 19 banks have been hit.

Demanding an inquiry into the matter, party spokesman Tom Vadakkan expressed concern, saying that as many as 70 lakh cards have been affected in the “massive data breach” which is one of the “biggest scams”. Vadakkan demanded resignation of Bhattacharya, alleging that SBI was the “mothership”.

Insisting that the country was heading for a “major crisis” in this matter, he claimed that a 980-page document is in the public domain and on social media revealing details of the “most secret document” of the account holders. SBI, the country’s largest commercial lender, has advised its customers to use the bank’s own Automated Teller Machine (ATM) network after the security breach of around six lakh debit cards issued by the bank.

For all the latest Business News, download Indian Express App

  1. A
    Ashok Gupta
    Oct 24, 2016 at 9:00 am
    This fraud is not done by the SBI Chief. This may happen with anyone. But PM Manmohan Singh allowed the scams worth Rs. 10 Lacs Crores to happen in his tenure of 10 years. Did Congress ever put a demand for his removal? Because the money was looted by Rahul and Sonia hi.
    Reply
    1. S
      Sanjay Sahay
      Oct 23, 2016 at 6:00 pm
      Political parties really must think clearly before opening their mouths and spouting rubbish. Not necessary to comment on something one does not understand.lt;br/gt;First find out how the malware was introduced and through which bank, which led to the security breach that extends to several banks, not only SBI.
      Reply