NEWS & ADVICE : EDUCATION LOANS
Rising NPAs in edu loan segment concern bankers
By Neelima Shankar
May 11, 2011
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The banking industry is facing a lot of problem owing to the rising share of non performing assets (NPAs) in the education loan segment.

It has been insisted that awareness be generated amongst the general public regarding the state of the industry and also alert them against flukes alluring students to easy entry into colleges through fake documents, said Mr A. Sampath, Member of Parliament while speaking at the District Consultative Committee for Banking Development in Thiruvananthapuram.

Also, district collector, Dr Dinesh Arora said that the district would soon see special awareness camps in this regard from the banks.

Also, banks have been asked to increase loan disbursement in this segment. Intermediaries/middlemen in the segment have been causing major issues.


 


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