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

November 20, 2023

Nithin Kamath’s 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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Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%

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Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale

Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate

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