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Banks to accept education loan applications only via online mode

NEW DELHI: The government has made it mandatory for banks to sanction education loans only though online process and asked them not to consider any application submitted in the physical form, so that the education loan disbursement process becomes transparent and more efficient. “The Department of Financial Services...
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NPAs may continue to crimp banks’ earnings for rest of FY18

Asset quality concerns continue to plague India’s banks, especially those owned by the government, and analysts expect June quarter’s pain to remain in 2017-18. Thirty-seven of the 38 listed banks that reported June quarter earnings till Saturday have posted a 24.3% rise in aggregate gross bad loans to...
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