High NPAs in education loan segment turn banks cautious

High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year.

from Banking/Finance-Industry-Economic Times https://ift.tt/j3TRvs6