Rejected loans for recording the reasons: RBI Hyderabad vide Lr.No.RPCD (H)/MSME/823/06.02.001/2014-15 dated January 06, 2015 informed that some of the banks in Andhra Pradesh are not adhering to the instructions contained in RBI circular RPCD.SME&NFS.BC.No.69/06.12.05/2009-10 dated April 12, 2010 while sanctioning of education loans and specifically collateral free education loans. It has also been reported that banks are not maintaining properly registers/electronic records at the branches to record the date of receipt, sanction/rejection/disbursement with reasons thereof etc. of applications as instructed vide RBI circular RPCD.CO.BC 10/04.09.01/2014-15 dated July 01, 2014. RBI advised that all banks to strictly adhere to the guidelines issued by them in this regard. SLBC circulated these guidelines to controlling authorities of all banks vide Lr.No.666/30/330/728 dated 08.01.2015 for strict compliance. Padho Pardesh Scheme for interest subsidy on Education loans for Overseas Studies – for the Minority communities : Padho Pardesh scheme for interest subsidy on Education loans for Overseas Studies i.e., Masters, – M.Phil & Ph. D for the studies belonging to the Minority communities Viz. Muslims, Christians, Sikhs, Buddhists, Jains and Parsis (effective from 2013-14) Government of India, Ministry of Minority Affairs has formulated a scheme for interest subsidy on education loans for overseas studies to promote educational advancement of students from minority for adoption by all banks. In order to support students from economically weaker communities’ sections of notified minority communities of the society, the scheme is introduced by Government of India. Overdue/NPAs under Education Loans as on 31.12.2014 (Rs. In crores) Non – Performing Outstanding Overdue Assets Sector No. of Total balance Actual No. of Amount overdue in overdue overdue No. of Amount a/cs accounts accounts amount accounts Education 137301 2963 26960 619 231 11009 215 loans (The figures are indicative as the data has not been received from all member banks) The percentage of total balance in overdue accounts & NPA to outstandings is 20.89% & 7.26% respectively. AGENDA- 9 9.1 EXPORT CREDIT
Rejected loans for recording the reasons: RBI Hyderabad vide Lr.No.RPCD (H)/MSME/823/06.02.001/2014-15 dated January 06, 2015 informed that some of the banks in Andhra Pradesh are not adhering to the instructions contained in RBI circular RPCD.SME&NFS.BC.No.69/06.12.05/2009-10 dated April 12, 2010 while sanctioning of education loans and specifically collateral free education loans. It has also been reported that banks are not maintaining properly registers/electronic records at the branches to record the date of receipt, sanction/rejection/disbursement with reasons thereof etc. of applications as instructed vide RBI circular RPCD.CO.BC 10/04.09.01/2014-15 dated July 01, 2014. RBI advised that all banks to strictly adhere to the guidelines issued by them in this regard. SLBC circulated these guidelines to controlling authorities of all banks vide Lr.No.666/30/330/728 dated 08.01.2015 for strict compliance. Padho Pardesh – Scheme for interest subsidy on Education loans for Overseas Studies for the Minority communities : Padho Pardesh – scheme for interest subsidy on Education loans for Overseas Studies i.e., Masters, M.Phil & Ph. D for the studies belonging to the Minority communities Viz. Muslims, Christians, Sikhs, Buddhists, Jains and Parsis (effective from 2013-14) Government of India, Ministry of Minority Affairs has formulated a scheme for interest subsidy on education loans for overseas studies to promote educational advancement of students from minority communities’ for adoption by all banks. In order to support students from economically weaker sections of notified minority communities of the society, the scheme is introduced by Government of India. Overdue/NPAs under Education Loans as on 31.12.2014 (Rs. In crores) Sector Outstanding Overdue Non – Performing Assets No. of a/cs Amount No. of overdue accounts Total balance in overdue accounts Actual overdue amount No. of accounts Amount Education loans 137301 2963 26960 619 231 11009 215 (The figures are indicative as the data has not been received from all member banks) The percentage of total balance in overdue accounts & NPA to outstandings is 20.89% & 7.26% respectively. AGENDA- 9 9.1 EXPORT CREDIT
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