State Bank of India(SBI)Says Over 6 Lakh Debit Cards Being Replaced On Security Breach Fears

State Bank of India(SBI) has said it has blocked and will replace 6,25,000 debit cards that the country's biggest lender fears may have been compromised by a data breach. SBI has said that customers will be compensated for losses, which it estimates at about Rs 10 lakh to Rs 12 lakh.

"There is a suspicion that a data breach might have happened. We got this information from Visa, MasterCard and RuPay. As a measure of precaution, we have decided to replace these cards, which have been blocked," SBI managing director Rajnish Kumar told

SBI advises customers to use its own ATM network

State Bank of India (SBI), has advised its customers to use the bank's own ATM network after the security breach of around six lakh debit cards issued by the bank, an official said.

"We are advising our customers to use SBI's ATM network as a pro-active measure. At the same time, the bank is aiming to replace around six lakh debit cards within two weeks," Partha Pratim Sengupta, CGM of SBI Bengal circle, told