New Delhi, Sep 25 (PTI) High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit.
Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year. Outstanding education loans were about Rs 80,000 crore at June-end.
Cautious approach is adopted at the end of branches while sanctioning education loans due to high NPAs, a senior public sector bank official said.
