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Risk of erroneous fund transfers is like a hanging sword for financial services firms: Nithin Kamath

Nithin Kamaths comments come against the backdrop of a major mishap at UCO Bank earlier this month, wherein the state-owned lender erroneously transferred a total of Rs 820 crore through mobile-based Immediate Payment Service (IMPS) to some customers due to a technical glitch ....

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UCO Bank Extends Diwali Gesture to Defaulters: Boxes of Sweets to Mend Customer Relations

UCO Bank Latest News: In a unique and conciliatory move, the recovery department of the public sector UCO Bank has chosen to celebrate Diwali by gifting boxes of sweets to the top 10 defaulters from each of its branches. The decision was conveyed through an internal letter issued by the bank, emphasizing that these defaulters were once valued customers of the bank, recognizing their past association. ....

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