Education Loan News in India Nov 2012

Banks cannot deny education loan to management quota student rules Madras .. 15/Nov/2012
The Madras high court has ruled that banks cannot deny education loans to students admitted under the management quota. Justice N Paul Vasanthakumar, appreciating the timely intervention of the Union finance minister in September this year to clarify certain issues relating to educational loan and ..
RBI advises banks not to reject education loans on service area norms 10/Nov/2012
The Reserve Bank asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area. RBI said in a notification,"banks are advised not to reject any educational loan application for reasons that the residence of the borrower does ..