Short Bytes: It has been reported that the India-based Bank of Maharashtra has incurred financial losses amounting INR 25Cr (roughly $4 million). It happened due to a technical flaw in the bank’s UPI Payments app designed by the Mumbai-based company. The bank has lodged FIR against 50 suspects, and they are trying to recover the funds from other banks. […]
Indian Bank Loses Rs 25Cr Due To A Bug In UPI Payments App – Is BHIM Safe?