Auxilo Finservice targets ₹50-crore education loans in 3 months

Auxilo Finservice targets ₹50-crore education loans in 3 months

HYDERABAD, DEC 22:   Mumbai-based Auxilo Finservice Private Ltd, a new NBFC on the block, is all set to begin disbursal of education loans. “We are now commencing loan disburals from Hyderabad and Mumbai. Before March 31, 2018, we will expand to Bengaluru, Chennai, Delhi and Pune,’’ Neeraj Saxena, Chief Executive Officer, told newspersons here. Target In the next three months, Auxilo hopes to disburse ₹50 crore and is targeting to lend ₹350 crore by the end of the next financial year. During the financial year 2016-17, eduction loans totalling ₹20,000…

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Education loan defaults soar 47% on weak job market

Education loan defaults soar 47% on weak job market

HIGHLIGHTS A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks. Non-performing assets soared by almost 47% between March 2015 and last March, data shared in Parliament showed. The problem is so acute for at least five lenders that the stock of bad loans has more than doubled. NEW DELHI: A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks with non-performing assets soaring by almost…

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Rising NPAs in education loan add to banks stress

Rising NPAs in education loan add to banks stress

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA. The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega…

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Get a crash course in the basics of cryptocurrency for $20

Get a crash course in the basics of cryptocurrency for $20

Most years, December is the time you justify your procrastination by gift shopping, reviewing essential “Best Of” lists, and planning extremely well-deserved holiday vacations. However, in staying true to its persistent weirdness, 2017’s December made cryptocurrency one of the trendiest, most distraction-worthy subjects of the year. While a single bitcoin reached nearly $20,000 in value, many other cryptocurrencies saw similarly optimistic gains, and the news cycle turned towards teenage millionaires. Like, what is this world we live in? If you’re one of those people who invested early and are reaping the benefits, then…

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From Jeff Bezos’s advice to discussing salary in an interview: Suzy Welch’s top 6 career tips of 2017

From Jeff Bezos’s advice to discussing salary in an interview: Suzy Welch’s top 6 career tips of 2017

limbing the career ladder is no easy feat. After all, even the most experienced professionals face confusion about how to get ahead in the workplace. However, according to bestselling management author and CNBC contributor Suzy Welch, there are a few key steps you can take to ease your journey and ensure that your career stays on track. From offering year-round tips about how to negotiate, interview and excel at work, below are the best pieces of career advice Welch recommended in 2017. Suzy Welch: Here’s how to answer the interview question,…

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