2023 2024 EduVark > Education Discussion > Banks Related


  #2  
January 23rd, 2018, 08:53 AM
Super Moderator
 
Join Date: Mar 2012
Re: Education Loan Repayment Indian Bank

As you want here I am telling Indian Bank offers education loans at a floating interest rate of 12.50% per annum with a concession of 0.50% on the interest rate under the IBA scheme for female students.

As you asking I am telling Repayment of an Indian Bank education loan can be initiated either after the completion of the course or a year after the applicant has got a job. Loan amounts up to Rs 7.50 lakhs have to be repaid within a period of 10 years and loans availed above Rs 7.50 lakhs can be repaid within 15 years.

Bank profile:

Type Public
Traded as BSE: 532814
NSE: INDIANB
Industry Banking, Financial services
Founded 15 August 1907; 110 years ago
Headquarters Chennai, India
Key people Kishore Kumar Kharat
(MD & CEO)
M K Bhattacharya & A S Rajeev
(Executive Directors)
Products Consumer Banking
Corporate Banking
Finance and Insurance
Mortgage Loans
Investment Banking
Merchant Banking
Private Equity
Private Banking
Savings
wealth management
Credit Cards
Revenue 7,370.16 crore (US$1.1 billion) (20170
Operating income 4,000.7 crore (US$620 million) (2017)
Net income 1,405.68 crore (US$220 million) (2017)
Total assets 218,233.15 crore (US$34 billion) (2017)
Owner Government of India
Number of employees 20,924 (2017)
Capital ratio 13.20%


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