Can’t take education loan off NPA: Finance minister

Can’t take education loan off NPA: Finance minister

TRICHY: The union ministry of finance refused to exempt education loans from non-performing asset (NPA) citing that Reserve Bank of India is against the exemption for maintaining credit discipline.  In a letter to the Union finance minister Arun Jaitley, MP Trichy Siva has urged not to bring education loans under NPA since non-payment of educational loan is affecting their Credit Information Bureau of India Limited (CIBIL) score.  Citing data from 2016, he highlighted that educational loan accounts for only 6.94 percent of the loans from banks. In the letter, he said that 37 percent of…

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Michael & Susan Dell Foundation pumps $1mn into Shiksha Finance

Michael & Susan Dell Foundation pumps $1mn into Shiksha Finance

Chennai-based school financing company Shiksha Financial Services India Private Limited has today raised $1 million (Rs 6.7 crore) from the Michael & Susan Dell Foundation in a round that also saw participation from the Aspada Investment Advisors. Incorporated in 2014, Shiksha Finance is an award-winning NBFC that provides loans in the range of Rs 5 lakh– Rs 1 crore to affordable private schools, as well as smaller loans to middle- and lower-income families that find it difficult to fund their children’s education. They finance school-going children from kindergarten to Class XII,…

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From Student Loans to School Taxes, Your Personal Finance Guide to the New President

From Student Loans to School Taxes, Your Personal Finance Guide to the New President

Let’s talk about the election — and what it’s likely to mean for your wallet. Many people are experiencing financial anxiety about “long-term secure jobs, which many consumers feel don’t exist anymore,” said Julian Zelizer, political historian at Princeton University. And that’s certainly not the only financial issue at play. Jobs First, the baseline. The Congressional Budget Office (CBO), or the nonpartisan “scorekeeper” of the government’s economic projections, projects that based on policies in place right now, employment will rise by 7 million people over the next 10 years. People…

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Kenya’s SFA leverages data analytics to change face of student finance

Kenya’s SFA leverages data analytics to change face of student finance

Launched in July 2015 by chief executive officer (CEO) Jennifer White, SFA provides tuition loans for higher education to qualified students and their parents or guardians, who act as co-borrowers. The startup employs alternative data analytics and partners directly with higher learning institutions to offer more affordable loans. “By partnering with all stakeholders involved – the student, the family, and the learning institution – SFA works to ensure the success of its student borrowers, in their learning programmes and postgraduate careers,” operations and partnerships manager Claire Blackburn told Disrupt Africa. Alternative…

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LIC Housing Finance Limited Recruitment for Area Manager – Salary Rs. 14 Lakh per year || Last date 21st March 2016

LIC Housing Finance Limited Recruitment for Area Manager – Salary Rs. 14 Lakh per year || Last date 21st March 2016

LIC Housing Finance Limited has announced recruitment news for the post of Area Manager. Applicants interested in job may apply online on or before 21st March 2016. Detailed job description given below: Name: LIC Housing Finance Limited Post: Area Manager Numbers of vacancies: 10 vacancies Location: All India   Salary / Wages: Salary of 11 Lakh – 14 Lakh per year Education / Qualification for life LIC Housing Finance Limited vacancy: Education / Qualification: Applicants interested in this job must possess any graduate degree along with 3 years of work…

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