Kotak Mahindra Bank says glitch in its accounts due to wrong claims by a PSU bank

“A PSU bank has claimed wrong amounts in the settlement file for card transactions done at merchant establishments managed by the PSU bank’s POS. This has resulted in excess debit from customers’ bank accounts on 8th March. All such excess debits have already been reversed”, Rohit Rao, Chief Communication Officer, Kotak Mahindra Group said without naming the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3t3VAKe