IMPS Glitch at UCO Bank: Civil Society Forum Expresses Concerns on Banking System and IT Security

Referring to the recent mobile payment service (IMPS) glitch resulting in an erroneous transfer of Rs820 crore to various account holders of UCO Bank, Bank Bachao Desh Bachao Manch (BBDBM or Manch), a civil society organisation, has suggested four measures to protect banks, India's financial system and banking customers.

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