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Do you welcome this decision?

Created by : Muralidharan Ramakumar, MBA Student  | 07 20 2011 03:14:19 +0000
Keywords : do you welcome this decision?
Activity:  366 views;  last activity : 07 28 2011 06:38:15 +0000
 
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Banks lends money for a student duly taking into consideration about the employability of the candidate. The track record of educational institution may fail the candidate to get employment. Then he cant get the employment and cant pay the loan. It is correct strategy from the bank's point of view. It is better to advise the student on the institutions, provide guidance accordingly and lend him/her the loans. Student must not be put to hardships.
By Srinivas suravajhala, Asst. Manager.  07 21 2011 11:47:58 +0000
 
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No! It would be unfair. Loan can be taken by any student of any college.. Such bias behavior would lead to lot of problems. It depends on individual and not on college so such classification would be unfair.
By Sheetal Bhandari, BE student, PSG College of Technology Coimbatore  07 21 2011 10:26:59 +0000
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My insight tells me that this decision will not only benefit the banks but also the students. Now the students will get rid of those institutions which fail to meet the infrastructure needs and placement records (parameter for grading colleges). I request the Indian Banks' Association to release the grading before the admission commences, so that students can judge the college before they join.Institutions shouldn't play with the career prospect of a student.
By Muralidharan Ramakumar, MBA Student  | 07 23 2011 10:22:19 +0000
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Banks want educational institutions to be graded. The idea is to put more checks and balances in place (to control bad loans) is the reply to a pointed query by K. Unnikrishnan, deputy chief executive of IBA (Indian Banks' Association). “If IBA cannot do this on its own, there are other options available, such as doing this through state-level banking committees or appointing an outside agency.” Institutes whose students have a poor repayment record will get a low grade and their students will find it difficult to secure education loan. They may also need to produce collateral for such loans. The move is triggered by an almost 45% rise in bad loans in fiscal 2011 to around Rs.1,600 crore. Total educational loans outstanding rose to Rs.43,000 crore given to 2.2 million students in March; around 4% of such loans are bad. Currently, there is no rating of educational institutes by banks to assess default risk of a particular college or institute. Though rating agencies Crisil Ltd, Credit Analysis and Research Ltd (CARE) and Icra Ltd have begun rating various programmes offered by management institutes, they do not grade institutes, their placement records or the ratio of loan defaults by their students. Any such drastic measure happens due to irresponsible behaviour of handful of students who are putting the future prospects of potential students who want to study further!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 07 22 2011 09:52:57 +0000
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Banks are now going to grade the colleges for issuing the Educational Loan. Because of the previous bad loans. Do you welcome this decision?
By Muralidharan Ramakumar, MBA Student  | 07 20 2011 03:14:19 +0000
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I support Sheetal views n thnx for referral Sheetal :)
By Priyanka Tomar, Certified Cyber Security Expert  | 07 28 2011 06:38:15 +0000
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Banks should have different approach when it comes to financing the Public welfare cause. Same can not be appraised on grounds of Economic viability. Welfare funding is meant for needy.
By PRITHVI RAJ DUBEY, Managing Director, RAJ ENGINEERING INDUSTRIES PVT LTD  | 07 23 2011 04:01:38 +0000
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NO. Period. No further classifications please.... This will give another angle to exploit students, now by banks. Getting admission is becoming tougher tasks day-2-day, and further not availing loan facility will deter the eligible and needy students from studies. Who are banks to do so? There are separate/central bodies doing this task and banks must accept this. Once banks start doing so, every bank will come up with there own gradation and ask for fancy interest rates at critically put TnC. So far banks are looting customers through Credit cards, Home loans, Agri loans, Personal loans.... now insteed of giving subsidy to students they will demand higher RoI from  needy students.
By Nilesh Jain, Project Manager, A Leading Media/Telecom Co.  | 07 22 2011 11:14:55 +0000
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The capability to repay the loan does not and rather should not be on the basis of college. This in a way also means that they are creating classes which is neither rational nor legal as it violates the rights of the individual. Does it also mean that whether the financial institutions are giving blanket approval without checking the credential of individual or his capacity to repay?; in other words it also implies that these financial institutions will not initiate any legal proceeding for person (student) from "Specified" universities/ colleges/ institutes? This is not tenable for financial institutions and needs to be taken up with Financial Institutions/ IBA.
By Kamal Dave, Managing Partner, Cyberjuris - Law Firm  | 07 22 2011 11:14:29 +0000
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Not a wise decision taken by banks. Thanks for referral , Sheetal & I support your views.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 07 22 2011 07:53:16 +0000
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I agree to Sheetal Bhandari's view. Loan is assistance and must go to needy.
By PRITHVI RAJ DUBEY, Managing Director, RAJ ENGINEERING INDUSTRIES PVT LTD  | 07 22 2011 03:33:33 +0000
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right sheetal
By puneet , Manager Admin  | 07 21 2011 18:57:06 +0000
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I am agree with the argument given by " Sheetal Bhandari ".... Thanks for referal ...
By Anupam Anand, Back Office Executive, Jyothy Laboratories limited  | 07 21 2011 13:28:30 +0000
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Sheetal I tend to agree with you on the subject.
By Rathin Deb, Freelance Retail Consultant  | 07 21 2011 13:17:17 +0000
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what else can you expect from the Banks..Are the banks coming to different institutes to grade them or they will do it by reading prospectus and website, already the rate of interest is high, instead of giving exemption in interest rates for reputed institutes they would no start another drama by grading. There can be a scenario where the Institutes will run after the banks to put them in a grade where more student can get loan for their courses, more students and thus more money.
By Mohan Murari, Marketing Manager, Confidential  | 07 21 2011 12:14:20 +0000
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No i its unfair bank can provide Loan to any student from any college it all depends on the marks how you study if Ur the topper than the banks surely provide the loan to study banks dont have the authority to grade the colleges to issue the Educational loan there might be a back log in the previous loans but that's totally the banks responsibility to get the loan back they cant grade the college for this if that's the case then the rural areas will be totally affected without any reason
By Sujith Kumar S, Sr Technical Recruiter, AIM PLUS Staffing  | 07 21 2011 11:16:55 +0000
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