Mangalore, Apr 22: Mangalore-based public sector Corporation Bank, and the Indian Institute of Management (IIM), Ahmedabad, have agreed for a tie-up arrangement for the students to pursue higher studies by availing educational loans from the bank.
The Memorandum of Understanding (MoU) to facilitate each other in respective activities was signed by M Narendra, Chief General Manager of the Bank and Prof Samir K Barua, Director, IIM-A, in the presence of bank Chairman and Managing Director B Sambamurthy and Mukul Singhal, Joint Secretary, Ministry of Finance, according to a release here yesterday.
As part of the MoU, both the bank and IIM-A would work in close coordination through their branches/offices. The institute will nominate the bank as a preferred financier for granting education loans to its bonafide students pursuing regular full time academic programmes and the bank will accept its nomination as a preferred financier for education loans, the release said.
Apart from education loan, the bank would also extend assistance for purchasing accessories like laptops and personal computers to help students in their studies, the release added.