Performance of banks under education loan in Tamilnadu as at 30th Sep 2010

We got the information from State Level Bankers Committee, Tamilnadu on the education loan outstanding as on 30th Sep 2010 along with the total outstanding of advances.   

As on 30th Sep 2010, in Tamilnadu all the Banks have an outstanding of Rs.8841 crores under education loan.  This constitutes 2.79 percent of their total advances.  Public Sector Banks have an outstanding of Rs.8511 crores, constituting 3.65 percent of their advances.

Private Banks in Tamilnadu have done very poorly under education loan.  They have given only 0.39 percent of their total advances.   Excepting Lakshmi Vilas Bank and Tamilnadu Mercantile Bank, other banks have not taken the education loan seriously.  

Axis Bank, ICICI Bank and IndusInd Bank have practically not contributed anything under education loan. 

The performance of all the Banks in Tamilnadu is given in the following table.

State Level Bankers Committee, Tamilnadu

Convenor: Indian Overseas Bank

Education Loan outstanding as on 30th Sep 2010

Bank	Advances	Education	% of edu loan
Indian Bank	26073.28	1959.95	7.52
Indian Overseas Bank	26763.00	1234.28	4.61
Syndicate Bank	6189.72	269.73	4.36
Canara Bank	25615.65	1096.72	4.28
Union Bank of India	7134.85	275.77	3.87
State Bank of Travancore	4605.61	161.96	3.52
Bank of India	8897.00	302.45	3.40
Central Bank of India	8158.29	261.93	3.21
State Bank of India	58975.27	1847.70	3.13
State Bank of Mysore	2489.82	72.18	2.90
Corporation Bank	7071.49	187.11	2.65
Bank of Baroda	7728.95	204.36	2.64
UCO Bank	4529.73	119.42	2.64
Andhra Bank	3624.74	93.79	2.59
Vijaya Bank	2643.68	59.90	2.27
State Bank of Hyderabad	1679.77	33.10	1.97
State Bank of B & J	1013.88	19.67	1.94
Dena Bank	1303.69	24.69	1.89
Oriental Bank of Commerce	3132.59	52.96	1.69
Bank of Maharashtra	875.84	14.39	1.64
Allahabad Bank	2595.50	41.86	1.61
United Bank of India	1703.07	20.20	1.19
Punjab National Bank	15721.07	145.14	0.92
State Bank of Patiala	743.37	6.14	0.83
State Bank of Indore	529.06	2.60	0.49
Punjab & Sind Bank	1105.24	3.99	0.36
ALL PUBLIC SECTOR BANKS	230904.16	8511.99	3.69
Lakshmi Vilas Bank Ltd.	3362.15	42.05	1.25
Tamilnad Mercantile Bk Ltd.	6408.64	78.67	1.23
Pallavan Grama Bank	700.05	7.70	1.10
City Union Bank Ltd.	5638.96	47.91	0.85
Karnataka Bank Ltd.	1400.43	11.12	0.79
Catholic Syrian Bank Ltd.	1570.21	11.17	0.71
Dhanalakshmi Bank Ltd.	815.10	5.43	0.67
Karur Vysya Bank Ltd.	6656.48	44.32	0.67
Pandiyan Grama Bank	2214.78	14.28	0.64
Federal Bank Ltd.	2758.71	9.72	0.35
HDFC Bank Ltd.	13619.68	31.74	0.23
Jammu & Kashmir Bank Ltd.	201.95	0.42	0.21
South Indian Bank Ltd.	5488.19	10.85	0.20
ING Vysya Bank	1495.11	2.22	0.15
IDBI Bank Ltd.	10384.12	6.59	0.06
Axis Bank Ltd.	7142.82	3.46	0.05
Bank of Rajasthan Ltd.	204.68	0.08	0.04
ICICI Bank Ltd.	13414.69	1.88	0.01
Indus Ind Bank Ltd.	1962.72	0.00	0.00
PRIVATE BANKS	85439.47	329.61	0.39
ALL BANKS IN TAMILNADU	316343.63	8841.60	2.79

5:20 AM

Education Loans - How banks have performed?

The following table gives the information of the outstanding advances under education loan and the total bank credit as at last Friday of March 2009.  All the PSU Banks put together have given finance to 15.80 lakh students amounting to 26925 crores.  The total bank credit as at that day was 22.83 lakh crores. The education loan constitutes only 1.18 percent of their total bank credit.

Please look at the performance of individual banks in the following table.

Source : RBI website

DISTRIBUTION OF OUTSTANDING ADVANCES OF PUBLIC SECTOR BANKS TO EDUCATION LOAN
March 2009
(No. of Accounts in lakh and Amount in Rs. crore)
Bank Group / Bank	As on the last reporting Friday of March
	Education Loan			Total Bank credit
	No.of	Amount		Amount	%
	Accounts	Outstanding		crores	edu loan
	(1)	(2)		(5)	(6)
A. State Bank Group	5.28	9469		747871.48	1.27
State Bank of India	3.14	6182		549296.81	1.13
State Bank of Bikaner and Jaipur	0.15	280		30088.10	0.93
State Bank of Hyderabad	0.46	836		43937.72	1.9
State Bank of Indore	0.10	165		21746.58	0.76
State Bank of Mysore	0.23	391		25869.88	1.51
State Bank of Patiala	0.21	245		43960.81	0.56
State Bank of Travancore	0.99	1370		32971.58	4.16
B. Nationalised Banks	10.52	17457		1535601.92	1.14
Allahabad Bank	0.30	638		59443.40	1.07
Andhra Bank	0.75	1391		44427.60	3.13
Bank of Baroda	0.60	1165		144844.87	0.8
Bank of India	0.75	1324		144731.56	0.91
Bank of Maharashtra	0.17	315		34817.28	0.9
Canara Bank	1.47	2301		139036.91	1.65
Central Bank of India	0.53	811		86740.27	0.93
Corporation Bank	0.32	664		48927.12	1.36
Dena Bank	0.13	241		29185.36	0.83
IDBI  Bank Ltd.	0.03	52		103915.07	0.05
Indian Bank	1.28	1591		51830.64	3.07
Indian Overseas Bank	0.78	1033		75809.54	1.36
Oriental Bank of commerce	0.36	770		69064.72	1.11
Punjab National Bank	0.93	1611		156098.45	1.03
Punjab & Sind Bank	0.06	179		24698.10	0.11
Syndicate Bank	0.81	1150		82495.04	1.39
Union Bank of India	0.53	957		69669.05	1.37
United Bank of India	0.20	344		98264.85	0.35
UCO Bank	0.28	490		35727.45	1.37
Vijaya bank	0.24	431		35874.63	1.2
Public Sector Banks (A+B)	15.80	26925		2283473.40	1.18
Note : Data are provisional.
Source :RBI

10:13 AM