Education loan disbursal at Rs 108 cr by Sept-end

Banks operating in Orissa-PSU as well as private sector banks have disbursed loans worth Rs 108.27 crore in the education sector during the April-September period of 2010-11.

Of this, while the PSU banks have disbursed Rs 97.56 crore and the private banks Rs 81.6 lakh, the education loan exposure of Regional Rural Banks (RRBs) stands at Rs 9.89 crore.

The highest amount in education loan has been advanced by the State Bank of India (Rs 34.35 crore) which has 6202 branches in the state followed by Central Bank of India at Rs 14 crore and Bank of India at Rs 8.41 crore.

 

Two PSU banks- State Bank of Bikaner & Jaipur and State Bank of Hyderabad have not disbursed any education loan in the said period. Similarly, among the private sector banks, Federal Bank, ICICI Bank, Rajasthan Bank Ltd, ING Vysya Bank, Axis Bank and Indus Ind Bank have not disbursed even a single rupee towards education loan in this period.The total loan outstanding in the education loan segment (as on September 30, 2010) is Rs 1368.75 crore. Out of this, the outstanding amount of PSU banks stands at Rs 1317.18 crore, that of private banks atRs 2.75 crore and RRBs at Rs 48.81 crore.

The NPA (Non-Performing Assets) of this segment of all the banks is estimated at Rs 35.60 crore by September end.