Indian Bank disburses Rs 1,000 crore as educational loan
Public sector lender Indian Bank has disbursed Rs 1,000 crore as educational loan to about 6,000 students across the country, a top company official said.
By PTI |
PUDUCHERRY: Public sector lender Indian Bank has disbursed Rs 1,000 crore as educational loan to about 6,000 students across the country, a top company official said.
Executive Director of the bank A Subramanian said it was the firm policy of the bank that students should not face financial crunch or hurdles to pursue higher studies. A system for applying for educational loan online had also been introduced for the convenience of the students.
Referring to the Indbank online stock trading point opened earlier at the new branch of the Indbank Merchant Banking services Limited, a subsidiary of Indian Bank, Subramanian said Indbank was engaged in merchant banking, stock broking, depository participation and allied activities.
Indbank had already established nine branches in different parts of Tamil Nadu and opened the one in Puducherry.
Executive Director of the bank A Subramanian said it was the firm policy of the bank that students should not face financial crunch or hurdles to pursue higher studies. A system for applying for educational loan online had also been introduced for the convenience of the students.
Referring to the Indbank online stock trading point opened earlier at the new branch of the Indbank Merchant Banking services Limited, a subsidiary of Indian Bank, Subramanian said Indbank was engaged in merchant banking, stock broking, depository participation and allied activities.
Indbank had already established nine branches in different parts of Tamil Nadu and opened the one in Puducherry.
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