A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks with non-performing assets soaring by almost 47% between March 2015 and last March, data shared in Parliament showed.
On Friday, the finance ministry told the Lok Sabha that NPAs or bad debt went up from Rs 3,536 crore at the end of March 2015 to Rs 5,192 crore on March 31, 2017.
A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks with non-performing assets soaring by almost 47% between March 2015 and last March, data shared in Parliament showed.
On Friday, the finance ministry told the Lok Sabha that NPAs or bad debt went up from Rs 3,536 crore at the end of March 2015 to Rs 5,192 crore on March 31, 2017.
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