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Incorporated in 2014 by V.L. Ramakrishnan and Jacob Abraham, Shiksha Finance provides school and student loans. Photo: Reuters Mumbai: Shiksha Finance, a non-banking financial company (NBFC) focusing on school and student loans, has raised $2.5 million (Rs16 crore) through a mix of debt and equity from Michael & Susan...
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November 10, 2017 Loknath Das
Education Loans
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TRICHY: The union ministry of finance refused to exempt education loans from non-performing asset (NPA) citing that Reserve Bank of India is against the exemption for maintaining credit discipline. In a letter to the Union finance minister Arun Jaitley, MP Trichy Siva has urged not to bring education loans under NPA since non-payment...
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November 6, 2017 Loknath Das
Education Loans
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The Indira Gandhi National Open University (Ignou) on Monday announced admissions to its master of business administration programme in banking and finance through the open and distance learning (ODL) mode for the session that will begin in January 2018. The university said the application form can be downloaded...
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November 2, 2017 Loknath Das
Universities
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The United Forum of Bank Unions (UFBU), the representative body of nine bank unions, on Friday urged Finance Minister Arun Jaitley to immediately drop plans for any mergers or consolidation of banks, stating that the country needs expansion of the banking system, not consolidation. This was among...
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September 16, 2017 Loknath Das
Banking
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GyanDhan, an online marketplace for education loans operated by Delhi-based Senbonzakura Consultancy Pvt. Ltd, has secured an undisclosed amount from Sundaram Finance Holdings, a subsidiary of Chennai-based Sundaram Finance Ltd, it said in a statement. GyanDhan, which was founded by IIT Kanpur alumnus Ankit Mehra and IIT Delhi...
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June 24, 2017 Loknath Das
Education Loans
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GyanDhan, an online marketplace for education loans operated by Delhi-based Senbonzakura Consultancy Pvt. Ltd, has secured an undisclosed amount from Sundaram Finance Holdings, a subsidiary of Chennai-based Sundaram Finance Ltd, it said in a statement. GyanDhan, which was founded by IIT Kanpur alumnus Ankit Mehra and IIT Delhi...
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June 16, 2017 Loknath Das
Education Loans
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