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Looking For An Education Loan? Don’t Bank On Banks
Education loans have contracted for two consecutive years as banks continue to shun this segment.
22 Apr 2019, 03:43 PM IST
Indian banks, which have chased growth across most retail credit segments, continue to shun education loans as delinquencies remain high and processes prove inadequate to track borrowers. The result — financing for higher education remains a challenge despite attempts by successive governments to fill the gap.The ruling Bharatiya Janata Party, through its tenure, has continued with the Indian Banks’ Association model education loan s...
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