Karnataka Bank Seeks RBI Intervention Over Suspicious ₹18.87 Crore Cross-Border UPI Transactions

Unknown Apr 02, 2026 2 Views

Karnataka Bank has identified suspicious cross-border Unified Payments Interface (UPI) transactions amounting to ₹18.87 crore. In response, the bank has formally requested the Reserve Bank of India (RBI) to reverse these transactions. The discrepancies were discovered during a routine review of U...

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