Finance

Brokerage company Upstox warns users of data breaches; states funds, securities remain safe

Retail company Upstox warned customers of security breaches including KYC’s contact details and customer information, but assured users that their funds and security remained secure. The development comes after reports of data breaches in organizations such as MobiKwik, Facebook and LinkedIn. “In the wake of emails claiming unauthorized access to our database, we have appointed …

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Exclusive : RBI to revoke fraudulent license-related license; Show cause notice

The banking regulator, the Reserve Bank of India (RBI), has issued a show cause notice before canceling the license of fraudulent Sambandh Finserve Pvt Ltd, as it has deteriorated beyond the regulatory minimum and financial condition in recent months Networth has deteriorated, two people directly familiar with the development. One of the individuals quoted above …

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