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Fat finger error causes ₹1 lakh cr transfer to K'taka Bank account, draws RBI's attention
short by Ashley Paul / on Wednesday, 12 November, 2025
A fat-finger error caused Karnataka Bank to transfer ₹1 lakh crore to a non-operational account on August 9, 2023, which has now drawn RBI's attention, Moneycontrol reported. The transaction was reversed within three hours, with RBI raising concerns about why the matter was escalated to the management after six months. RBI is also questioning Karnataka Bank over its internal controls.
read more at Moneycontrol