Education Loan News in India Jan 2013

Punishment for Bank official rejecting education loan 21/Jan/2013
R Thamaraiselvan, the DMK MP from Dharmapuri, said that “Bank officials should be punished with imprisonment if they reject education loan or charge higher rate of interest than what is prescribed. In many cases, rural students are denied even an application for education loan.” He said some ..
Madras HC holds guidelines of Bank for granting education loans arbitrary 4/Jan/2013
Madras high court on Thursday directed the bank to provide Rs 15,000 as education loan to enable a student of diploma in mechanical engineering to pursue his studies maintaining that guidelines of Union Bank of India for granting education loans was "arbitrary, without rationale and cannot be accepted by any ..