Financial Daily from THE HINDU group of publications
Monday, May 30, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Money & Banking - Credit Market
Industry & Economy - Education


Indian Bank focusing on education loans

Our Correspondent

Madurai , May 29

INDIAN Bank is focusing on tie-ups with professional-educational institutions across the country for spot sanction of educational loans. Speaking to Business Line here, the Executive Director, Mr B. Sambamurthy, said that the bank has given high priority for educational loans. It would be operating a counter at the Thiagarajar College of Engineering in the city at the time of counselling for admission.

Arrangements are going on with other institutions also.

The bank has sanctioned Rs 110 crore to 9,950 students. It has also come forward to sanction them further assistance to establish own units after completion of their studies. Mr Sambamurthy said that the bank proposed to extend the coverage under the RTGS to 400 branches within four months and open 150 more ATMs within a year.Mr Sambamurthy was in the city in connection with the opening of a spacious branch.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Karnataka Bank Q4 net up 46 pc


ING Vysya Bank divests stake in insurance venture
Surat diamond workers craft indigenous insurance scheme
Life insurers, MFs keep bond market buoyant
Indian Bank focusing on education loans
ISO for Canara Bank office


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line