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Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
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PayPal Pauses Work on Stablecoin Amid Increased Crypto Scrutiny by Regulators
PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. Stablecoins are intended to hold a set value, and some are underpinned by a matching reserve of assets such as cash and bonds.
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Ministry Asks Banks To Cease From Using Unethical Practices To Sell Insurance Policies
The Department of Financial Services has received complaints that fraudulent and unethical practices are adopted by banks and life insurance companies for procuring policies from the bank customers.
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FTX Collapse: US Authorities Reportedly Approach Investors for Information on FTX, Sam Bankman-Fried
FTX investors and trading firms who worked closely with the bankrupt crypto exchange have been asked by US authorities to hand over details on the company. The authorities are also asking for details of key figures at FTX, including Sam Bankman-Fried and Caroline Ellison. Meanwhile, the US Department of Justice's bankruptcy watchdog has called for ...
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Centre Gets Over 46,000 Corruption-Related Public Grievances In 8 Months
Over 46,000 corruption-related public grievances were received by the Centre in the last eight months of this year, a maximum of them against the Department of Financial Services (DFS), according to a latest official report.
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Robinhood's Crypto Arm Fined $30 Million by New York State Department of Financial Services
The New York State Department of Financial Services (NYDFS) has fined Robinhood's crypto arm, Robinhood Crypto, $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules, the regulator said on Tuesday.
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Advance Action Underway On Privatisation Of 2 State-Owned Banks, Says Banking Secretary
In the Union Budget for 2021-22, Government announced its intent to take up the privatisation of two public sector banks
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LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
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Government Plans To Sell Small Cooking Gas Cylinders Through Ration Shops
Government is planning to sell small cooking gas cylinders weighing 5 kg through its vast network of fair price shops
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Centre To Unveil Digital Payment Solution E-RUPI On August 2
The Centre on August 2 will unveil e-RUPI, a digital payment solution. It is a cashless and contactless instrument for digital payment.
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Facebook Starts Blocking Sensitive Medical Data Shared by Apps Over Privacy Concerns
Facebook has been accused of not policing its own rule of barring apps from sharing sensitive medical data of users. Data fed into a Facebook analytics tool by app makers included medical diagnoses and whether users were pregnant, according to a report shared by New York financial services department on Thursday.
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Facebook Blocks Medical Data Information Shared By Apps
Facebook has started blocking sensitive health information that third-party apps had been sharing with the social network in violation of its own rules, said New York officials who investigated the situation.
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IIT Madras Launches Training Courses For Banking, Financial Services And Insurance Sector
The Courses are open to students and working professionals in India who are interested in taking up a career in the BFSI Sector.
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Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...
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Financial Services Department Approves Raising Deposit Insurance To Rs 5 Lakh
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if a bank fails.
-
Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
-
PayPal Pauses Work on Stablecoin Amid Increased Crypto Scrutiny by Regulators
PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. Stablecoins are intended to hold a set value, and some are underpinned by a matching reserve of assets such as cash and bonds.
-
Ministry Asks Banks To Cease From Using Unethical Practices To Sell Insurance Policies
The Department of Financial Services has received complaints that fraudulent and unethical practices are adopted by banks and life insurance companies for procuring policies from the bank customers.
-
FTX Collapse: US Authorities Reportedly Approach Investors for Information on FTX, Sam Bankman-Fried
FTX investors and trading firms who worked closely with the bankrupt crypto exchange have been asked by US authorities to hand over details on the company. The authorities are also asking for details of key figures at FTX, including Sam Bankman-Fried and Caroline Ellison. Meanwhile, the US Department of Justice's bankruptcy watchdog has called for ...
-
Centre Gets Over 46,000 Corruption-Related Public Grievances In 8 Months
Over 46,000 corruption-related public grievances were received by the Centre in the last eight months of this year, a maximum of them against the Department of Financial Services (DFS), according to a latest official report.
-
Robinhood's Crypto Arm Fined $30 Million by New York State Department of Financial Services
The New York State Department of Financial Services (NYDFS) has fined Robinhood's crypto arm, Robinhood Crypto, $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules, the regulator said on Tuesday.
-
Advance Action Underway On Privatisation Of 2 State-Owned Banks, Says Banking Secretary
In the Union Budget for 2021-22, Government announced its intent to take up the privatisation of two public sector banks
-
LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
-
Government Plans To Sell Small Cooking Gas Cylinders Through Ration Shops
Government is planning to sell small cooking gas cylinders weighing 5 kg through its vast network of fair price shops
-
Centre To Unveil Digital Payment Solution E-RUPI On August 2
The Centre on August 2 will unveil e-RUPI, a digital payment solution. It is a cashless and contactless instrument for digital payment.
-
Facebook Starts Blocking Sensitive Medical Data Shared by Apps Over Privacy Concerns
Facebook has been accused of not policing its own rule of barring apps from sharing sensitive medical data of users. Data fed into a Facebook analytics tool by app makers included medical diagnoses and whether users were pregnant, according to a report shared by New York financial services department on Thursday.
-
Facebook Blocks Medical Data Information Shared By Apps
Facebook has started blocking sensitive health information that third-party apps had been sharing with the social network in violation of its own rules, said New York officials who investigated the situation.
-
IIT Madras Launches Training Courses For Banking, Financial Services And Insurance Sector
The Courses are open to students and working professionals in India who are interested in taking up a career in the BFSI Sector.
-
Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5
The government on Saturday gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus pandemic, in a move that could give relief to millions of people. In guidelines on the loan relief released on Wednesday, the Department of Financial Services said lending institutions wi...
-
Financial Services Department Approves Raising Deposit Insurance To Rs 5 Lakh
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if a bank fails.
