Home » Posts taggedloans

Education loans will count in credit ratings, says govt.

No exemption possible, Finance Ministry tells DMK MP The government has clarified that education loan defaults cannot be kept out of the ambit of credit rating bureaus such as the Credit Information Bureau of India (CIBIL). The government’s response was in reply to a question posed by DMK...
Continue reading

RBI looking into improving quality of education loans: Rajan

Bengaluru: Reserve Bank Governor Raghuram Rajan Friday said the central bank was looking into improving the quality of education loans despite high levels of defaults. Rajan, who delivered the Sri Vithal N Chandavarkar Memorial Lecture at the Indian Institute of Science campus here, responding to a question on...
Continue reading

142 per cent rise in bad education loans in 3 years

Indian banks have seen a 142 per cent rise in default by students who have taken education loans during the past few years, at a time when hiring for new jobs has slowed down and tech companies have started laying off employees. State-owned banks, which are already weighed...
Continue reading