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Two major bank failures, severe trust deficit among banks and customers, falling interest rates, mammoth merger of PSBs and arrival of a killer pandemic – these events characterise the banking sector’s performance in the first year of Modi government’s second term. When Modi government resumed its second term...
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May 29, 2020 Loknath Das
Banking
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The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors...
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January 13, 2020 Loknath Das
Banking
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Masai School, a seed-funded career-focused startup, July 1 announced the beginning of its operations in India. This institute that offers coding-centric learning programmes has been set up in Bengaluru. While the courses are free, there is a catch. There will be an income-sharing agreement once you get a...
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July 2, 2019 Loknath Das
Schools
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China has launched a rover on December 8, 2018, that will land on the far side of the moon, a global first that would boost Beijing’s ambitions to become a space superpower. The Chang’e-4 lunar probe mission — named after the moon goddess in Chinese mythology — launched...
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December 18, 2018 Loknath Das
Study Abroad
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Source: Matt Tremel Matt Tremel is now debt free, thanks to public service loan forgiveness. Matt Tremel is one of 96 people to have his student debt canceled through the public service loan forgiveness program. Happy endings like his were not supposed to be so rare. One-quarter of...
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November 23, 2018 Loknath Das
Education Loans
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Josh Frydenberg releases the banking royal commission report, saying the culture and conduct of the financial sector have fallen below community standards. Photograph: David Crosling/AAP The banking royal commissioner, Kenneth Hayne, has blasted Australia’s financial services industry for putting greed and the pursuit of short term profits ahead...
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September 28, 2018 Loknath Das
Banking
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