Indian Bank planning to push education loan

By SiliconIndia   |   Friday, June 24, 2011
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Bangalore: Public sector lender Indian Bank plans to focus in increasing the education loans in Karnataka in this fiscal. It is noted that the outstanding loan amount of Indian Bank in this segment is Rs 44.67 crore, reports rupeetimes. So far the south based lender has offered loans to 1698 students in Karnataka. Addressing the gathering while felicitating the toppers of Common Entrance Test-2011, TM Bhasin-CMD of the bank said that the education loan book of the bank stands at Rs 2,810.67 crore. He also said, "The bank at present has 1,173 ATMs spread all over the country; is planning to add 75 more in Karnataka before this financial year (2011-12)."
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