Description:
Education Loans News & Advice from rupeetimes.com
Contents:
Student loan subsidy given in Karnataka
The state government of Karnataka has declared a 6%loan subsidy for students of professional colleges and has issued certain guidelines to the nodal agency of education and director of technical education regarding the issue.Students can avail loans from any nationalized bank provided he is admitted...
Union Bank slashes PLR
Even before the Finance Minister could ask banks to soften their interest rates, public sector bank Union Bank of India on November 3rd announced a 50 basis points cut in its benchmark prime lending rate (BPLR) to 13.5% with immediate effect.The Bank said following the RBI's triple cut in CRR, SLR a...
Strict norms for education loans designed for international studies
Planning for a degree from abroad? Think again! You may find it difficult to collect funds for supporting your education.Banks are likely to follow stringent education loan norms especially for international universities. In fact they are also planning to lower the limit for collateral requirement f...
Government to Capitalize Public sector Banks
Capital Adequacy Ratio (CAR) of seven public sector banks is expected to gear up to 12% after the injection of Rs 3,000 crore by the government. Finance Minister P Chidambaram said that the government will infuse this capital to improve the financial heath and CAR of the banks.Chidambaram said on We...
PNB slashes retail loan rates
It seems that the series of cut in CRR has started showing its effect.State-run, Punjab National Bank has decided to slash lending rate on housing, car and education loans after the announcement of third cut in CRR.PNB is the first lender to declare a reduction in the interest rates. Chairman and Ma...
Depositors need not worry: ICICI Bank has no major sub-prime exposure
ICICI Bank chief KV Kamath reassured investors that the largest private sector bank in the country remains well capitalized and has no sub prime exposure.Standard & Poor's Ratings Services also said that the credit fundamentals of the bank continue to be sound, backed by its strong market position i...
Women self help groups to avail loans at 4%
President Pratibha Patil will launch a scheme whereby loans at an interest rate of 4% will be sanctioned to women's self-help groups (SHGs).The President is going to Pune for the launch, where she will extend loans to two SHGs from Pune and one each from Solapur, Satara and Nashik.An official from...
Inflation pauses at 12.14 percent
The country's inflation rate for the week ended September 13 remained unchanged at previous week's level of 12.14%. The slowdown in inflation rate over the past few weeks has been maintained with this figure.This figure is still far above the central bank's target of 7 percent for the fiscal year to...
HDFC Bank joined with ICFe to extend education loans
HDFC Bank has extended its hand for providing education loan at minimum interest rates to the students of Institute of Computer and Finance Executives (ICFe).Mr. Santosh Mangal, CMD, ICFe says on the tie-up with HDFC bank ‘‘Many dreams and aspirations of the bright and deserving candidat...
Self Help Promotion Institutes to promote SHGs in Orissa
India's apex development bank, National Bank for Agriculture and Rural Development (NABARD) has announced four central cooperative banks under the Orissa State Cooperative Bank (OSCB) as Self Help Promotion Institutes (SHPIs). These SHIPs are declared in the wake of promoting Self Help Groups (SHGs)...
Home
|
|
