142 per cent rise in bad education loans in 3 years

142 per cent rise in bad education loans in 3 years

Indian banks have seen a 142 per cent rise in default by students who have taken education loans during the past few years, at a time when hiring for new jobs has slowed down and tech companies have started laying off employees. State-owned banks, which are already weighed down by huge defaults by corporates, are the worst hit as they account for over 90 per cent of educational loans. Private banks have largely stayed away from this segment. In the education segment, the total non-performing assets (NPAs), or loans on…

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CBSE Class 10 Board Exam Results 2017 released at cbseresults.nic.in: Delhi’s pass percentage falls by over 13 per cent

CBSE Class 10 Board Exam Results 2017 released at cbseresults.nic.in: Delhi’s pass percentage falls by over 13 per cent

CBSE Class 10 Board Exam Results 2017 released at cbseresults.nic.in: Delhi’s pass percentage falls by over 13 per cent The Central Board of Secondary Education (CBSE) has announced the class 10 results on its official website, cbse.nic.in Delhi’s pass percentage is dipped by over 13 per cent. CBSE Class 10 Board Exam Results 2017 released at cbseresults.nic.in: Delhi’s pass percentage falls by over 13 per cent did not even know basics of subject The Central Board of Secondary Education (CBSE) has announced the class 10 results on its official website,…

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EMIs on home, car, education loans to fall by at least half a per cent

EMIs on home, car, education loans to fall by at least half a per cent

Equated monthly installments (EMIs) on home, car, and education loans will fall by at least half a per cent with banks across the board reducing their lending rates. On Sunday, India’s largest lender, State Bank of India (SBI), fired the first salvo by reducing its marginal cost-based lending rate (MCLR) by a whopping 0.9 per cent. With this, the bank has cut its benchmark rate by nearly 200 basis points from January 2015. Each basis point is equivalent to one-hundredth of a percentage. As the deluge of deposits post demonetisation…

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