Indian Bank provides educational loan to 26000 students

Puducherry, Feb 26 (UNI) The Indian Bank had extended educational loan to the tune of Rs 260 crore to 26,000 students till December 2006 during the financial year 2006-07, CMD of the bank K C Chakraborty said here today.

In an informal chat with newspersons on the sidelines of the Bharat Nirman Information campaign, Mr Chakraborty said the loan amount was expected to reach Rs 300 crore by the end of the financial year, and Rs 600 crore provided to 60,000 students was outstanding, he added.

Stating that it was very difficult to track the students, Mr Chakraborty called for some national system for the purpose.

UNI