Spandana Sphoorty Reports ₹7.8 Cr Cyber Fraud

Spandana Sphoorty Financial Ltd has reported a cyber fraud incident involving unauthorized transactions totaling approximately ₹7.80 crore from one of its bank accounts on November 1, 2026. The funds were transferred to multiple beneficiary accounts. The company has stopped affected services, reported the incident to the bank for transaction reversal and account freezing, and filed a complaint with the National Cyber Crime Reporting Portal. An insurance claim for cyber fraud is also being processed. The company is investigating the matter and will provide updates on recoveries and investigation outcomes.