Maharashtra, Kerala, Andhra Pradesh top in education loans, SBI leads lending race
At the other end, Lakshadweep, Mizoram, Arunachal Pradesh and Nagaland saw the lowest loan disbursals, with amounts ranging from Rs 0.17 crore to Rs 19.76 crore.STATE-WISE EDUCATION LOAN DISBURSALS (FY 2022–23 to 2024–25)RankState/UTAmount Disbursed (Rs Crore)1Maharashtra11426.472Kerala8937.783Andhra Pradesh8101.064Tamil Nadu7198.635Telangana6178.60.........36Lakshadweep0.17SBI MAINTAINS TOP POSITION AMONG BANKSAmong PSBs, the State Bank of India emerged as the largest lender, disbursing Rs 32,311.02 crore in education loans during the same three-year period. Union Bank of India followed with Rs 14,558.77 crore, and Bank of Baroda came third at Rs 8,468.53 crore.Punjab and Sind Bank reported the lowest disbursal amongst PSBs, at Rs 542.42 crore.BANK-WISE EDUCATION LOAN DISBURSALS (FY 2022–23 to 2024–25)BankAmount Disbursed (Rs Crore)State Bank of India32311.02Union Bank of India14558.77Bank of Baroda8468.53Canara Bank7094.19Punjab National Bank5004.71......Punjab and Sind Bank542.42REPAYMENT TRENDS AND NPA LEVELSRBI data also revealed patterns in gross non-performing assets (GNPAs) for education loans. While several banks saw a decline in NPA levels, amounts remain substantial for some lenders.SBI's GNPAs stayed relatively stable, moving from Rs 372 crore in 2023 to Rs 382 crore in 2024, and Rs 336 crore in provisional 2025 figures.BANK-WISE GNPA FIGURES (Education Loans)Bank2023 GNPA (Rs Crore)2024 GNPA (Rs Crore)2025 GNPA* (Rs Crore)State Bank of India372382336Union Bank of India637644336Bank of Baroda6398121Canara Bank843789322Punjab National Bank893733431............2025 data provisional.SOUTHERN STATES DRIVE DEMANDThe data highlights that the highest demand for education loans comes from southern states, attributed to high enrolment in professional courses and overseas study plans.Declining NPA levels suggest improved repayment behaviour, though lenders continue to face significant outstanding amounts in the education loan segment.- Ends
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