Cyberattack? UCO Bank Wants CBI To Probe Nature Of Glitch

State-owned UCO Bank has approached the Central Bureau of Investigation (CBI) to investigate any attempt, including cyberattacks, aiming to manipulate the lender and disrupt the functioning of Immediate Payment Service (IMPS).

- ABHIJIT LELE

UCO Bank Managing Director and Chief Executive Officer Ashwani Kumar did not elaborate if there had been a cyberattack on the bank's system, but he told Business Standard the lender was ascertaining the exact nature of the problem. The Kolkata-based bank on Wednesday said it took the IMPS channel offline after it faced an internal technical glitch between November 10 and November 13. It had observed that certain transactions as much as 820 crore were credited to the account holders in UCO Bank in an erroneous transfer.