Back to Career News

Bad Loans on the Rise in Education Sector

August 16, 2018

Bad Loans on the Rise in Education Sector
As per the data shared by the Indian Banks Association (IBA), non-performing assets (NPAs) in the education sector have increased consistently over the past three financial years. At the end of March 2018, they stood at 9% of the outstanding loans. 

IBA data shows that NPA percentage to the outstanding education loans increased from 7.3% in March 2016 to 7.67% in March 2017, and then to 8.97% in March 2018.

Public sector banks make for 91.5% of the education loans disbursed in the banking sector. 

Recommended for you ...

Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners
Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners

September 26, 2024

Banks Report Over 15% Growth in New Credit Card Additions: RBI Data
Banks Report Over 15% Growth in New Credit Card Additions: RBI Data

September 26, 2024

National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank
National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank

September 25, 2024

Chat on WhatsApp