Monday, March 17, 2025 | 12:55 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Education loan growth rate dips from 17% to 2%, NPAs jump from 5.5% to 7.5%

The education loan market is estimated to be Rs 733 billion

loans
Premium

Photo: Shutterstock

Sahil Makkar New Delhi
The growth rate of education loan declined to 2 per cent in 2017 from 17 per cent in 2015 and non-performing assets (NPAs) of public sector banks (PSBs) in the segment increased to 7.7 per cent from 5.7 per cent during the period, CARE Ratings said on Thursday.

The education loan market is estimated to be Rs 733 billion. Of this, 95 per cent is funded by PSBs. Cooperative banks offer education loans worth around Rs 20 billion and non-banking financial companies (NBFC) provide around Rs 50 billion.

“The growth rate has declined because of delinquencies experienced by PSBs and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in