Complaints Regarding Education Loans to Students

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..... Complaints Regarding Education Loans to Students
News and Press Release
Dated:- 1-12-2012

Press Information Bureau Government of India Ministry of Finance 30-November-2012 17:53 IST Public Sector Banks had during 2011-12, received 5199 complaints in education loans, including those of denial of loans, out of which 5190 were disposed of and 9 were pending. Complaints regarding edu .....

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..... cational loans, as and when received by the concerned banks are taken up for corrective measures. Bank-wise details are as under: S.N. Name of the Bank No. of applications Received Disposed of Pending 1. Allahabad Bank 22 22 0 2. Andhra Bank 11 11 0 3. Bank of Baroda 33 33 0 4. Bank of India 30 30 0 5. Bank of Maharashtra 8 8 0 6. Canara Bank 117 108 0 7 .....

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..... . Central Bank of India 174 174 0 8. Corporation Bank 27 27 0 9. Dena Bank 6 6 0 10. Indian Bank 217 217 0 11. Indian Overseas Bank 39 39 0 12. Oriental Bank of Commerce 19 19 0 13. Punjab & Sind Bank 2 2 0 14. Punjab National Bank 148 148 0 15. Syndicate Bank 63 63 0 16. UCO Bank 24 24 0 17. Union Bank of India 23 23 0 18. United .....

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..... Bank of India 4 4 0 19. Vijaya Bank 4 4 0 20. State Bank of India 4076 4076 0 21. State Bank of Bikaner & Jaipur 27 27 0 22. State Bank of Hyderabad 0 0 0 23. State Bank of Mysore 0 0 0 24. State Bank of Patiala 12 12 0 25. State Bank of Travancore 106 106 0 26. IDBI Bank Ltd. 7 7 0 Total 5199 5190 9 Source: PSBs The Model Educational Loan .....

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..... Scheme of Indian Banks' Association aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad. The main emphasis is that a meritorious student, though poor, is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions. This information was giv .....

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..... en by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. * * * DSM/RS/bs
News - Press release - PIB .....

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