Tag: UCO Bank

Public Sector UCO Bank stops IMPS service for customers due to some internal technical glitches. The popular instant money transfer facility IMPS (Immediate Payment Service) is now provided offline to customers by the bank. Earlier the bank had reported a technical issue in IMPS was observed due to which “certain transaction(s) initiated by holders of other […]

State run bank UCO bank is under CBI and Enforcement Directorate (ED) scanner for Rs 20,000 crore hawala scam. ED sought help of CBI on this case due to lot of technicality involved in this as the level of fraud are mainly related to core banking segment like export finance. ED has been probing the scam […]