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EC stops implementation of education loan interest-waiver plan

Last Updated: Monday, April 14, 2014, 20:21

The Election Commission has asked the government not to implement a Rs 2,600 crore scheme to provide a moratorium on interest payments on the education loans of 9 lakh students until the elections are completed.

RBI looking into the issue of SBI shaming students

Last Updated: Wednesday, August 28, 2013, 18:14

The Reserve Bank of India (RBI) is looking into the complaint against State Bank of India (SBI) for shaming students and their parents for defaulting on their education loan.

Chakrabarty chides 'elite' private banks on low educational loans base

Last Updated: Tuesday, April 23, 2013, 18:39

Reserve Bank Deputy Governor K C Chakrabarty Tuesday chided private sector lenders for their indifferent approach to education loans, stating there was a need for attitudinal change at board level to do social good.

Chidambaram asks banks to give more education loans

Last Updated: Sunday, December 02, 2012, 20:11

Chidambaram also asserted that his ministry was committed to the education loan programme of the banks.

Banks told to assign reasons for rejecting education loan: Govt

Last Updated: Thursday, November 22, 2012, 18:16

The banks had Rs 27,000 crore outstanding on education loans as of March 2009, Rs 35,850 crore as of March 2010 and Rs 41,340 crore such loans as of March 2011, as per the data from the Reserve Bank.

Southern states lead pack in providing education loans

Last Updated: Sunday, August 26, 2012, 16:03

Southern states of Tamil Nadu, Kerala, Andhra Pradesh and Karnataka account for about 50 percent of education loans disbursed by public sector banks.

Southern states lead pack in providing education loan

Last Updated: Sunday, August 26, 2012, 10:53

Southern states of Tamil Nadu, Kerala, Andhra Pradesh and Karnataka account for about 50 percent of education loans disbursed by public sector banks.

Penalty for officers rejecting education loans to eligible students

Last Updated: Saturday, August 18, 2012, 19:48

Making sure that education loans are not denied to eligible students, Finance Minister P Chidambaram Saturday said bank officers rejecting applications without sufficient reasons would be penalised.

Kerala CM voices concern over denial of education loans by banks

Last Updated: Friday, June 22, 2012, 12:51

Kerala Chief Minister Oommen Chandy expressed concern over denial of educational loans by banks and said the guidelines prescribed by the All India Bank Association for sanctioning loans were not acceptable to the state.

OBC cuts interest rate on education loans by up to 1%

Last Updated: Sunday, May 20, 2012, 11:25

State-owned Oriental Bank of Commerce (OBC) has reduced interest rate on education loans by up to 1 percent.

Union Bank may cut home, education lending rates next month

Last Updated: Tuesday, February 28, 2012, 22:41

A day after SBI reduced rates on education loans, Union Bank of India on Tuesday said it may cut interest rates on home and education loans next month.

Union Bank may cut home, education lending rates next month

Last Updated: Tuesday, February 28, 2012, 22:41

A day after SBI reduced rates on education loans, Union Bank of India on Tuesday said it may cut interest rates on home and education loans next month.