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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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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Maruti Suzuki to add 10 more Industrial Training Institutes by next year

Maruti Suzuki to add 10 more Industrial Training Institutes by next year

NEW DELHI: India’s largest carmaker Maruti Suzuki is planning to add 10 more Industrial Training Institutes (ITIs) in order to meet the ongoing demand of manpower at the dealership and future needs. The company will also invest Rs 10 crore at the existing ITIs to equip them with modern equipment and facility. The company is already working with 141 ITIs across 27 states in India to meet the manpower needs at its dealerships and service network across India. Every year 6,000 students who enroll into the ITI professional course for…

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Maruti Suzuki to add 10 more Industrial Training Institutes by next year

Maruti Suzuki to add 10 more Industrial Training Institutes by next year

NEW DELHI: India’s largest carmaker Maruti Suzuki is planning to add 10 more Industrial Training Institutes (ITIs) in order to meet the ongoing demand of manpower at the dealership and future needs. The company will also invest Rs 10 crore at the existing ITIs to equip them with modern equipment and facility. The company is already working with 141 ITIs across 27 states in India to meet the manpower needs at its dealerships and service network across India. Every year 6,000 students who enroll into the ITI professional course for…

Read More