Education Loans - How banks have performed?

Tuesday, March 16, 2010

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