Home » Chart of the Day » Student Loans Jump 15 Times To Rs 48,000 Cr In 9 Years

Student Loans Jump 15 Times To Rs 48,000 Cr In 9 Years

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Data released by Reserve Bank of India (RBI) recently shows that outstanding educational loans has zoomed from Rs 2,986 crore in 2003 to over Rs 48,400 crore in 2012. Public sector banks account for over 90% of the loans disbursed in 2012: Rs 46,740 crore. Even the number of educational loan accounts has zoomed from just 249,000 accounts in 2003 to 2,481,000 accounts in 2012. Read the rest here.

 

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