Education Loans Npas

High NPAs in education loan segment turn banks cautious, says PSB official

High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year. Outstanding education loans were about Rs 80,000 crore at June-end. Cautious approach is adopted at the end of branches while sanctioning education loans due to high NPAs, a senior public sector bank official said. As a result some genuine cases are overlooked and there are delays, the official said. Recently, the finance ministry had called a meeting of PSBs to take stock of the education loan portfolio and cut down on delay. The ministry exhorted banks to spread awareness about the Central Sector Interest Subsidy Scheme among field formations. The sharp increase in non-performing assets (NPA) in education loans extended by commercial banks in India in recent years is a matte

9% of education loans by PSU banks turned into NPAs in FY18: Govt

Among the NPAs of PSBs under education category, the highest 21.28 per cent originated from nursing courses followed by engineering (9.76 per cent)

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

Rising NPAs in education loan add to banks' stress

The NPA was 5.7% in 2014-15, which rose to 7.3% in the following fiscal and further to 7.67% in the last financial year

Despite 21% spike in bad edu loans, banks ready to lend for higher studies

A greater 65% of loans are in under Rs 4-lakh bracket, while 20% are in Rs 4-10 lakh bracket