Maharashtra, SBI lead in student loan disbursals over three years
According to data presented in the Rajya Sabha by Minister of State for Finance Pankaj Chaudhary, SBI disbursed a whopping Rs 32,311 crore in education loans between FY 2022-23 and 2024-25, nearly three times higher than its nearest competitor, Union Bank of India, which sanctioned Rs 14,559 crore.
Bank of Baroda followed in third place with Rs 8,469 crore, trailed by Canara Bank at Rs 7,094 crore and Punjab National Bank at Rs 5,005 crore. In the state-wise tally, Maharashtra recorded the highest education loan disbursals, receiving Rs 11,426 crore during the period. Kerala stood second with Rs 8,938 crore, closely followed by Andhra Pradesh at Rs 8,101 crore. Tamil Nadu (Rs 7,199 crore) and Telangana (Rs 6,179 crore) rounded off the top five.
The data also revealed significant lending in Karnataka (Rs 5,721 crore), Uttar Pradesh (Rs 3,461 crore) and West Bengal (Rs 3,156 crore), reflecting strong demand for higher education financing across the country. On the flip side, smaller states and Union Territories saw minimal activity - Lakshadweep, for instance, received just Rs 0.17 crore, while Mizoram (Rs 9.93 crore) and Arunachal Pradesh (Rs 10.40 crore) also had negligible disbursals.
However, repayment challenges persist. SBI, despite its massive lending, reported Rs 336 crore in Gross NPAs on education loans as of March 2025 (provisional). The List also includes Punjab National Bank (Rs 431 crore), Canara Bank (Rs 322 crore), and Indian Bank (Rs 277 crore), amongst others.
The figures highlight both the growing reliance of Indian students on bank financing for higher education and the ongoing need to strengthen repayment mechanisms, particularly in states with high loan exposure.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
24 minutes ago
- Indian Express
Penalty for securities market violations surged 11 times to Rs 813.83 cr in 2024-25: Sebi annual report
The total amount of penalty imposed by Securities and Exchange Board of India (SEBI) for violation of various market regulations surged 11 times to Rs 813.83 crore during 2024-25, compared to Rs 74.66 crore in the previous fiscal. While the amount of penalty increased substantially, the number of entities found violating different securities regulations declined 26 per cent to 463 in 2024-25, down from 629 in 2023-24, according to Sebi's Annual Report for 2024-25. The regulator saw the highest number violations under Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) category with 155 entities found flouting regulations. This was followed by 116 entities violating Listing Obligations and Disclosure Requirements (LODR) regulations. In 2024-25, direction of debarment was issued against 202 entities, both debarment and disgorgement directions were issued against 89 entities and only disgorgement direction was issued against 15 entities, the annual report showed. In its effort to unearth market misconduct, Sebi conducted search and seizure operations involving 89 entities at 71 locations covering 18 cities across the country. During the year, Sebi initiated investigations in 400 cases pertaining to various violations of securities laws and 301 cases were completed. Investigations were taken majorly for insider trading (287 cases) and market manipulation and price rigging (106 cases). Sebi said that it identified Rs 77,800.4 crore as 'difficult to recover' dues at the end of fiscal 2024-25, as against Rs 76,292.9 crore as on March 31, 2024. Sebi said it received 68,132 complaints through its online grievance redressal platform SCORES in 2024-25, with nearly 38 per cent against stock brokers. Of the 68,132 complaints received, 63,971 grievances were disposed of while 4,074 are still pending, the report showed. Further, Sebi Chairman Tuhin Kanta Pandey, in the annual report, said the regulator was looking at further simplifying the regulatory framework for foreign portfolio investors, with an aim to ensure long-term foreign capital flows into the domestic market. 'The priority of Sebi for the coming year is rationalizing and simplifying regulatory framework for foreign portfolio investors (FPIs) with the objective of enhancing the ease of operations and encouraging long-term foreign capital flows,' Pandey wrote in his statement in the annual report. He said the regulator will make efforts to streamline processes, remove regulatory frictions and strengthen engagement with FPIs and stakeholders. Foreign capital has played a vital role in the development of India's securities markets and contributed to sustained capital formation. Markets regulator has already undertaken a host of reforms to ease regulations for FPIs. Last week, Sebi had floated a consultation paper to improve ease of investments by simplifying onboarding and ongoing compliances for a specific set of Foreign Portfolio Investors (FPIs) like government-owned funds and certain regulated public retail funds – that are objectively verified as belonging to a low-risk category. In the coming year, Sebi has proposed to initiate a comprehensive exercise to rationalize and optimize existing regulations. 'To address this, the focus will be on identifying and removing regulatory redundancies, simplifying procedural requirements and leveraging technology to ease the compliance burden,' Pandey said.
Time of India
24 minutes ago
- Time of India
Nykaa reports 79% rise in Q1 net profit
Synopsis Nykaa's parent company, FSN E-Commerce, witnessed a substantial 79% surge in net profit, reaching Rs 24.47 crore in the fiscal first quarter, driven by a 23% revenue increase to Rs 2,155 crore. The beauty vertical's GMV grew by 26%, while the fashion vertical accelerated to 25% GMV growth. Nykaa is also set to acquire the remaining stake in Nudge Wellness.
News18
34 minutes ago
- News18
Jammu Rail Division auctions LCD monitors to raise revenue
Agency: PTI New Delhi, Aug 12 (PTI) The Jammu Rail Division has auctioned all LCD monitors installed at ticket reservation counters and other places in the whole division to publicity companies for one to five years, to increase revenue. 'On August 11, 2025, we declared the result of the e-auction, which was held on July 4, 2025. We have awarded the contract to various firms for Rs 9,00,990 for the next one year and Rs 53,15,841 for the next five years," a railway official said. According to railways, the Digital Display Information System (DDIS)-LCD monitors have been placed outside each Ticket Reservation Counter, integrated with the Railway Ticket System (CRIS). 'The screen is thoughtfully divided into two distinct sections. The lower 30 per cent is dedicated to displaying real-time ticket information for each commuter, which is essential for verification before ticket booking," the official said. The remaining 70 per cent is used for presenting entertainment content and ads to commuters awaiting their turn, he said. At the Pathankot Cantt Railway Station of Jammu Division, the Pay and Use toilet block has been allotted to a company for operation for Rs 7,66,669 for the first year and Rs 23,00,007 for the next three years, the official said. The division also auctioned Seating-cum-Luggage (SLR) trains. 'SLRs of train numbers 12588, 16032 and 12476 were allotted for various trips for Rs 5,19,379, Rs 1,17,32,805 and Rs 22,44,040, respectively, for two years," the official said. Similarly, SLRs for train numbers 12478 and 14692 were allotted for various trips for Rs 22,38,979 and Rs 21,36,645 for two years. Uchit Singhal, Senior Divisional Commercial Manager, Jammu Division, said, 'This system is a non-revenue income system operated by the Commercial Department in Indian Railways, which includes commercial promotion, parking, pay and use parcel leasing, ATM, etc. Its allocation has been done successfully through e-auction." PTI JP VN VN view comments First Published: August 13, 2025, 00:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
