Banking major SBI today hinted at a possible cut in lending rates in the education loan segment, though it is is unlikely to reduce its base rate for now.
"We have an Alco (asset, liability committee) meeting this week itself and it will have education loan rate cut on top of the agenda," ..
Loans may be getting dearer for several categories of people, but students need not worry as they are still the favoured lot. Government data shows that banks have been readily doling out education loans to bail out students who have got admission overseas, but are unable to cough up the fees by themselves. Despite the ..