Rs 820 Crore Erroneously Credited To Account Holders Of This Bank
NDTV
The bank has recovered Rs 649 crore or 79 per cent of the amount erroneously credited to some accounts of the bank via Immediate Payment Service (IMPS).
As much as Rs 820 crore were credited to account holders of UCO Bank in what the lender described as an erroneous transfer and has initiated a process to reverse the same.
The bank has recovered Rs 649 crore or 79 per cent of the amount erroneously credited to some accounts of the bank via Immediate Payment Service (IMPS).
By taking various proactive steps, the bank blocked the recipients' accounts and has been able to recover Rs 649 crore out of Rs 820 crore which is about 79 per cent of the amount, UCO Bank said in a regulatory filing on Thursday.
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