VIRAL
A bank clerk's fatigue caused a Rs 2,000 crore transaction error, sparking debates on systemic flaws and workload pressures.
In 2012, a surprising error occurred at a German bank when a clerk, exhausted from work, accidentally caused a massive financial blunder. The employee, fatigued and momentarily falling asleep at their desk, unknowingly held down a key while processing a transaction. This simple mistake resulted in an astronomical transfer of 222,222,222.22 euros (approximately ₹2,000 crore) instead of the intended 64.20 euros. Thankfully, another alert employee spotted the error and managed to halt the transaction before it was completed, preventing a financial disaster.
The incident also led to the dismissal of the supervisor responsible for reviewing the transaction. However, a labour court in Hesse later ruled the termination unfair. The court acknowledged that while the supervisor had overlooked the mistake, this did not amount to misconduct severe enough to warrant firing. Judges highlighted that her role required her to review an overwhelming number of documents daily—812 transactions on the day of the incident, often spending just seconds on each. This immense workload made it nearly impossible to spot every mistake.
The court found no evidence of malicious intent or gross negligence on her part and stated that a formal warning would have been a more appropriate response. Furthermore, the judges criticized the bank's unrealistic expectations and its lack of automated error-detection systems, which could have prevented such a mistake. The bank was ordered to reinstate the supervisor, bringing attention to systemic flaws in its operations.
Online Reactions
The incident sparked widespread debate online, with many highlighting the need for better safeguards in banking operations. Automated systems to flag unusually high transactions were suggested as a basic precaution. Critics also questioned the fairness of placing the burden entirely on the supervisor, arguing that the bank’s operational shortcomings were equally to blame.
While some commentators criticized the supervisor for not catching the error, others sympathized, pointing to the unrealistic demands of her role. Many noted that banks in other countries implement stricter approval processes for high-value transactions, reducing the risk of such errors.
This incident serves as a reminder of the need for robust systems and realistic expectations to prevent human errors in high-stakes industries.
The DNA app is now available for download on the Google Play Store. Please download the app and share your feedback with us.
100 best food cities in the world 2024-25: 6 Indian cities feature on list; THIS one is in Top 10
MS Dhoni to return as CSK captain in IPL 2025? Reports claim...
Bank Holiday today: Are banks open or closed on April 5, 2025? Here's all you need to know
Chaitra Navratri Ashtami 2025: Top 10 wishes, shubh muhurat, vidhi for kanya puja and more
Man in Karnataka serves 1.5 years in jail for 'murdering' wife, she turns up alive in court
OpenAI's ChatGPT can now create fake Aadhaar and PAN cards: Will cybercrimes increase due to it?
Mukesh Ambani takes BIG step as Reliance Jio’s free JioHotstar subscription is available until...
'We do not want TikTok to go dark': Donald Trump extends deadline by 75 days
Kareena Kapoor Khan reveals her fitness and beauty secrets: 'works on my own rather....'
‘Omg she is just so smooth’: Mom-daughter duo’s dance to ‘Ramta Jogi’ takes internet by storm
Punjab constable arrested with 17.7 gms of heroin in Bathinda, dismissed from service
DNA TV Show: Kolkata's Circus Chauraha turned into 'Shaheen Bagh' over Waqf Bill protest?
LSG vs MI: Hardik Pandya creates history, becomes 1st captain in IPL to take five-wicket haul
Earthquake of magnitude 5.0 jolts Nepal, tremors felt in North India
'Co-star got excited during intimate scene, felt violated', Know in details actress and incident
'AI enthusiast job seeker writes his own OBITUARY on LinkedIn, then THIS happened...
Yunus-Modi Talks: Sheikh Hasina extradition raised as PM issues stark warning
Can BIMSTEC replace SAARC? Can India isolate Pakistan in Southeast Asia after Yunus-Modi Talks?
Digital Marketing Certification Worth It? Benefits, Career Impact, and Salary Trends in 2025
Meet Rajkot artisan, crafts 75-meter-long turban for PM Modi that weighs 25 kg, worth Rs...
Kazakhstan unearths massive rare Earth deposit of 1000000 tonnes, eyes global...
China hits back at US with additional 34 per cent tariff on American goods as trade war intensifies
What happens if you eat curd every day after lunch? Here's how your body responds
PM Modi's FIRST meeting with Muhammad Yunus after Hasina's extradition: 'There were talks on...'
Lion inside house in Gujarat leaves residents shellshocked! WATCH viral video
How your skin can reveal secrets about your dating life
'Uber for Teens' launched In India: Who is eligible; here's how to book a ride
Sunil Narine creates history, becomes first player in world to reach this milestone
India’s Digital Sovereignty: Navigating geopolitics and market realities
UP man, dancing on stage with wife on 25th wedding anniversary, collapses and dies; doctors said...
Will iPhones get costlier after Donald Trump's 'Liberation Day' tariffs? Report claims...
When Manoj Kumar got angry on Farah Khan, Shah Rukh Khan for Om Shanti Om joke
Manoj Kumar, popularly known as Bharat Kumar, famous for patriotic films, dies at 87 in Mumbai
How Ronnie Screwvala became richer than Shah Rukh Khan, Salman Khan and Aamir Khan put together
Pakistani man gives CAD 100 tip to Indian student in Canada in heartwarming video! WATCH