Friday, October 5, 2012

Central bank's position paper on student loans

The Reserve Bank of India (RBI) is to issue a position paper on educational loans. The effort would be to push the education loan schemes in various banks, on the basis of the complaints the central bank had got from various stakeholders, said RBI Governor D Subbarao. The decision was taken in its central board meeting here, based on complaints that some banks were reluctant to do much on education loans, putting up various conditions for issuing these.........

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