http://www.rupeetimes.com/news_advice/education_loans Education Loans News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Thu, 02 Jul 2009 10:28:28 +0530 The Government is on its way to avail subsidies on education loans taken by students from economically challenged sections for pursuing their higher studies.Under the scheme, the students from economically weaker sections can avail education loans from the government at subsidised rates of interest.... http://www.rupeetimes.com/news/education_loans/govt_set_to_provide_interest_subsidy_on_educational_loans_2594.html 12345678902594 Wed, 17 Jun 2009 10:28:31 +0530 Chief Minister of Karnataka, BS Yedyurappa said that the state will lower the interest rate on education loans of up to Rs 5 lakh, by 6 percent."To better the education system and to make it affordable to all, the state will reduce the interest rate to six per cent on education loans up to Rs. 5 lak... http://www.rupeetimes.com/news/education_loans/lower_rates_on_education_loans_in_karnataka_2551.html 12345678902551 Wed, 17 Jun 2009 10:18:18 +0530 The Central Bank of India has entered into an understanding with the ‘Adhi College of Engineering & Technology' and the ‘Image College of Arts, Animation & Technology' to offer education loans to students of the institute.The understanding entails disbursing of educational loans to the s... http://www.rupeetimes.com/news/education_loans/central_bank_offers_education_loans_at_concession_rates_2550.html 12345678902550 Mon, 15 Jun 2009 10:04:35 +0530 The National Association of Software and Services Companies (NASSCOM), the nodal body for the software industry in the country, has urged the government to ask the banks to restructure the education loans.Som Mittal, president, NASSCOM, said, "The government should instruct the banks to be more leni... http://www.rupeetimes.com/news/education_loans/nasscom_asks_for_education_loans_restructuring_2539.html 12345678902539 Wed, 03 Jun 2009 11:39:07 +0530 Banks have been restructuring the education loans by extending the repayment period or revising the interest rates.Though the possibility of loan waivers is far; the initial moratorium period is likely to be increased. It means that the students can repay the loans over a period of up to ten years,... http://www.rupeetimes.com/news/education_loans/banks_restructuring_education_loans_2501.html 12345678902501 Wed, 03 Jun 2009 11:30:53 +0530 Banks have extended over Rs 577 crore education loans during 2008-2009 to Bihari students, which is nearly double the amount (Rs 280.93 crore) extended during 2007-08. Education loans have been extended by banks to Bihari students who have secured admissions in technical and professional courses.The... http://www.rupeetimes.com/news/education_loans/over_rs_577_croreeducation_loan_extended_to_23348_bihari_students_2500.html 12345678902500 Mon, 18 May 2009 09:54:02 +0530 The Reserve Bank of India has received an appeal from the Karnataka state government to take measures to raise Credit Deposit Ratio (CDR) to the cooperative credit institutions in the state.The proportion of loan to assets created by banks from the deposits received is known as the Credit Deposit Ra... http://www.rupeetimes.com/news/education_loans/karnataka_govt_ask_rbi_to_increase_credit_deposit_ratio_2452.html 12345678902452 Mon, 11 May 2009 12:20:40 +0530 In order to assist the borrowers to cope up with the current economic downturn, banks are considering an alteration in the repayment term of their education loans.The self-regulatory body for banks, Indian Banks Association (IBA) has sent a proposal to banks regarding the expansion of the moratorium... http://www.rupeetimes.com/news/education_loans/iba_ask_banks_to_consider_alteration_of_education_loan_tenure_2430.html 12345678902430 Thu, 30 Apr 2009 12:02:37 +0530 The largest lender, State Bank of India (SBI) that was expected to cut the interest rates of education loans within this week have announced 25-200 basis points in their education loan rates.Interest rates for loans up to Rs 4 lakh have been slashed by 25 basis points to 11.5% from 11.75% where as f... http://www.rupeetimes.com/news/education_loans/sbi_slashes_education_loan_rates_by_25200_basis_points_2409.html 12345678902409 Thu, 30 Apr 2009 11:52:56 +0530 Country's largest PSU bank, State Bank of India (SBI) plans to recruit more than 3,000 people during the ongoing fiscal.SBI's Chief General Manager (Bhopal Circle), D K Jain said that the bank would go on a hiring spree despite of the slowdown. During the last fiscal, SBI hired around 40,656 staff.J... http://www.rupeetimes.com/news/education_loans/sbi_to_go_on_a_hiring_spree_in_fy10_2408.html 12345678902408