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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Bradley Wiggins quits The Jump with broken leg

Bradley Wiggins quits The Jump with broken leg

Five-time Olympic champion Sir Bradley Wiggins has quit TV winter sports show The Jump after breaking his leg. The former Tour de France winner said he was “gutted” after sustaining a “small leg fracture” while taking part in snowcross training. Channel 4 said Sir Bradley had been keen to continue but would not appear after the fourth show in the series. Last year, injuries to a number of celebrities prompted a review of safety procedures on the reality show. Sir Bradley, who announced his retirement from cycling in December, tweeted:…

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