MUMBAI: Reliance Jio Infocomm’s fibre network unit is raising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and ... Read More »
Getty Images In the last month, the contracting process for companies vying to be one of the U.S. Department of Education’s debt collectors has spiraled into chaos. Companies that didn’t make the final cut or were fired for misleading student loan borrowers are suing the Department, and the judge overseeing ... Read More »
Quashing an order of a nationalised bank refusing to grant education loan to a student who intended to pursue his doctoral research abroad, the Madras High Court has observed that loan-seekers must be given a chance to rectify defects in their applications. “Even if the document is defective, the authority ... Read More »
Slamming the State Bank of India’s decision to sell the non-performing assets (NPAs) in the education loan portfolio to Reliance Asset Reconstruction Company, the CPI(M) asked the State Government to help students repay the loans. The CPI(M) organised an agitation here on Monday with the demand. The CPI(M) district secretary, ... Read More »
Members of Students Federation of India (SFI), along with an applicant of education loan, laid siege to the Bank of India’s Ganapathypalayam branch here on Friday, for rejecting the application without attributing any reason in writing. SFI district secretary R. Vimal said that R. Sabareesan, a resident of the same ... Read More »
The Madras High Court Bench here has directed State Bank of Travancore to consider a mechanical engineer’s plea to waive interest levied on an education loan of Rs. 1.19 lakh availed by him to pursue engineering in 2006. Disposing of a writ petition filed by the engineer, T. Jerin of ... Read More »
