Despite 21% jump in unpaid education loans, lenders continue disbursal

Despite 21% jump in unpaid education loans, lenders continue disbursal

Despite increasing number of students not paying back their loans spiking NPAs to over 10 %, 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 year ago, while total outstanding grew 1.6 % to Rs 81,600 crore. Non-performing assets (NPAs) within the education loan book of the system ballooned 21 % in the reporting year, spiking the NPA…

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21 BMTC buses ferrying school students seized for flouting SC norms

21 BMTC buses ferrying school students seized for flouting SC norms

BENGALURU: Close on the heels of the miraculous escape of 52 school students from a BMTC bus that caught fire on December 3, the transport department on Wednesday seized 21 BMTC buses for violating Supreme Court safety norms. The seized buses were ferrying students of Vidyaniketan School on Ullal Road near Mallathahalli. “We found that the buses were operating without first-aid box, side safety grilles and CCTV cameras. Buses were also poorly maintained,” said a senior transport department official. BMTC operates nearly 300 buses to ferry school children. On Saturday,…

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