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Hong Kong Announces Supervisory Incubator to Help Banks Safely Test Blockchain Technology
The newly formed Supervisory Incubator will focus on helping banks load-up on risk management capabilities around deposits and loan services. The practice of tokenised deposits will be the core area of focus for the incubator. Â
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Oil Is 'Biggest Risk Factor' For Economic Growth, Says HDFC Bank Director
India must overcome challenges posed by oil and climate-related issues to remain the fastest growing large economy in the world, HDFC Bank Director Keki Mistry said.
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Goldman Sachs Issues First Bitcoin-Backed Loan in History, Here’s What We Know
Goldman Sachs has issued its first loan, collaterised by Bitcoin. The details of the borrower involved in this transaction remains undisclosed. A Bitcoin-backed loan allows the asset holder to borrow fiat currency like Rupees or Dollars against their Bitcoin holdings. The bank had begun researching on Bitcoin-backed loans around December last year.
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Italy's Alessandro Florenzi To Undergo Knee Surgery, Season At Risk
Alessandro Florenzi, 31, joined Milan on loan from hometown club Roma in August and has since played 27 matches for the seven-time European champions in all competitions, scoring once.
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Salvadorans Show Support for Bitcoin Despite International Monetary Fund Criticism
Karen Hernandez sells mobile phone accessories in El Salvador and says business has been through the roof since the country started using Bitcoin as legal tender.
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"There Would Be Months With No Income:" Scam 1992 Star Pratik Gandhi Recalls Days Of Struggle
"I decided to take a risk kyun ki... risk hai toh ishq hai," wrote Pratik Gandhi
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Your Data for Cash: Indian Lending Apps Force Tough Choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
-
Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
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Pak Doesn't Show Understanding Of Terror Financing Risks: Watchdog FATF
Pakistan will continue to stay on the 'grey list' of the Financial Action Task Force, an inter-governmental body that works to stop terror financing, among other objectives. After the Pulwama suicide attack last week that killed over 40 CRPF soldiers, India pushed hard for Pakistan to stay on this list, which makes it difficult for the neighbouring...
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Shopping In 'Unhealthy' Areas May Up BP Risk: 5 Foods To Manage Blood Pressure
Retail outlets were classified as 'unhealthy' if they either had a fast-food takeaway, a bookmaker, a tanning salon or happen to have a payday loan business.
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Didn't Think Vijay Mallya Was Flight Risk: CBI On Diluted Lookout Notice
A lookout notice against Vijay Mallya, calling for his detention on sight at airports, was diluted months before he left India for the UK in the middle of loan fraud investigations against him. After the fugitive businessman's sensational claim about meeting Finance Minister Arun Jaitley before leaving, questions have been raised about the notice a...
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After GoFundMe Page, Abraham Lincoln's Library Is Now Selling His Stuff
The Abraham Lincoln Presidential Library Foundation, which supports Lincoln's museum in Springfield, Ill., has found itself $9.7 million in debt on a loan it took out 11 years ago to purchase a collection of rare artifacts from a private collector. Now, hundreds of Lincoln's personal possessions are at risk of ending up on the auction block if the ...
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Facing New Risk, Vijay Mallya "Sends Feelers" About Return: Officials
Vijay Mallya, the embattled tycoon wanted in India on loan default and money-laundering charges, is reported to have sent feelers to central agencies and the government that he is willing to come back to the country to face the law, sources in the Enforcement Directorate, which fights financial crimes, have said.
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Probe Focuses On Whether Loans Diverted By Mehul Choksi's Unlisted Firms
Beyond the Rs 12,600 crore fraud reported by Punjab National Bank (PNB), several other private and public sector banks could also be at risk of losing their money as Gitanjali Group is in no position to repay working capital loans worth Rs 5,280 crore, people familiar with the matter said
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REC, PFC Flouted RBI Rules To Sanction Loans: CAG
"REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts,- said CAG.
-
Hong Kong Announces Supervisory Incubator to Help Banks Safely Test Blockchain Technology
The newly formed Supervisory Incubator will focus on helping banks load-up on risk management capabilities around deposits and loan services. The practice of tokenised deposits will be the core area of focus for the incubator. Â
-
Oil Is 'Biggest Risk Factor' For Economic Growth, Says HDFC Bank Director
India must overcome challenges posed by oil and climate-related issues to remain the fastest growing large economy in the world, HDFC Bank Director Keki Mistry said.
-
Goldman Sachs Issues First Bitcoin-Backed Loan in History, Here’s What We Know
Goldman Sachs has issued its first loan, collaterised by Bitcoin. The details of the borrower involved in this transaction remains undisclosed. A Bitcoin-backed loan allows the asset holder to borrow fiat currency like Rupees or Dollars against their Bitcoin holdings. The bank had begun researching on Bitcoin-backed loans around December last year.
-
Italy's Alessandro Florenzi To Undergo Knee Surgery, Season At Risk
Alessandro Florenzi, 31, joined Milan on loan from hometown club Roma in August and has since played 27 matches for the seven-time European champions in all competitions, scoring once.
-
Salvadorans Show Support for Bitcoin Despite International Monetary Fund Criticism
Karen Hernandez sells mobile phone accessories in El Salvador and says business has been through the roof since the country started using Bitcoin as legal tender.
-
"There Would Be Months With No Income:" Scam 1992 Star Pratik Gandhi Recalls Days Of Struggle
"I decided to take a risk kyun ki... risk hai toh ishq hai," wrote Pratik Gandhi
-
Your Data for Cash: Indian Lending Apps Force Tough Choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
-
Supreme Court Seeks Finance Ministry's Reply On Waiver Of Interest During Moratorium Period
The Supreme Court today sought the Finance Ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a "forced waiver of interest" risking financial viability of the banks.
-
Pak Doesn't Show Understanding Of Terror Financing Risks: Watchdog FATF
Pakistan will continue to stay on the 'grey list' of the Financial Action Task Force, an inter-governmental body that works to stop terror financing, among other objectives. After the Pulwama suicide attack last week that killed over 40 CRPF soldiers, India pushed hard for Pakistan to stay on this list, which makes it difficult for the neighbouring...
-
Shopping In 'Unhealthy' Areas May Up BP Risk: 5 Foods To Manage Blood Pressure
Retail outlets were classified as 'unhealthy' if they either had a fast-food takeaway, a bookmaker, a tanning salon or happen to have a payday loan business.
-
Didn't Think Vijay Mallya Was Flight Risk: CBI On Diluted Lookout Notice
A lookout notice against Vijay Mallya, calling for his detention on sight at airports, was diluted months before he left India for the UK in the middle of loan fraud investigations against him. After the fugitive businessman's sensational claim about meeting Finance Minister Arun Jaitley before leaving, questions have been raised about the notice a...
-
After GoFundMe Page, Abraham Lincoln's Library Is Now Selling His Stuff
The Abraham Lincoln Presidential Library Foundation, which supports Lincoln's museum in Springfield, Ill., has found itself $9.7 million in debt on a loan it took out 11 years ago to purchase a collection of rare artifacts from a private collector. Now, hundreds of Lincoln's personal possessions are at risk of ending up on the auction block if the ...
-
Facing New Risk, Vijay Mallya "Sends Feelers" About Return: Officials
Vijay Mallya, the embattled tycoon wanted in India on loan default and money-laundering charges, is reported to have sent feelers to central agencies and the government that he is willing to come back to the country to face the law, sources in the Enforcement Directorate, which fights financial crimes, have said.
-
Probe Focuses On Whether Loans Diverted By Mehul Choksi's Unlisted Firms
Beyond the Rs 12,600 crore fraud reported by Punjab National Bank (PNB), several other private and public sector banks could also be at risk of losing their money as Gitanjali Group is in no position to repay working capital loans worth Rs 5,280 crore, people familiar with the matter said
-
REC, PFC Flouted RBI Rules To Sanction Loans: CAG
"REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts,- said CAG.
