Tag: Education loans

Despite 21pc jump in NPAs in FY17, lenders lap up education loans

Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the disbursals topping Rs.20,000 crore in fiscal 2017, according to a report. Banks and other lenders together disbursed around Rs.20,000 crore in education loans in FY17, up from around Rs.17,000 crore a …

Continue reading "Despite 21pc jump in NPAs in FY17, lenders lap up education loans"

July 23, 2017

Restructured education loans not to be treated as NPAs: RBI

In order to encourage banks to provide education loans, RBI has said rescheduling of payment period of such loans due to unemployment of borrower will not be treated as restructured accounts for computing NPAs. Banks may allow up to three spells of moratorium (not exceeding 6 months each) during life cycle of education loan, taking …

Continue reading "Restructured education loans not to be treated as NPAs: RBI"

January 22, 2017